Post Utme Ui 2024 Commerce Question 26

Practice objective / multiple choice question 26 from the 2024 Post Utme Ui Commerce examination.

Post Utme Ui 2024 Commerce Objective / Multiple Choice
Question 26 POST_UTME_UI • 2024 • COMMERCE • objective

A company is considering the introduction of a new product line. The product has a high demand, but the production costs are high. The company's marketing manager suggests that the product be priced at a premium to maximize profits. However, the financial analyst recommends a lower price to increase market share. What pricing strategy should the company adopt?

Answer Options

A. Penetration pricing
Correct Answer B. Skimming pricing
C. Price lining
D. Bundle pricing
Correct Answer
B
Correct Option:
Skimming pricing

About This Question

This is Post Utme Ui 2024 Commerce Question 26. It is one of the objective questions from the 2024 Post Utme Ui Commerce examination.

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