What long term pricing strategy creates a sense of prestige and quality around a product by charging a high price?
Penetration pricing
Destroyer pricing
Premium pricing
Which pricing strategy simply involves adding a percentage cost to the cost a product was made for?
Psychological pricing
Cost-plus pricing
Low price
Which pricing strategy is used to establish a product entering a competitive market place for the first time?
Demand-orientated pricing
Promotional pricing
Which pricing strategy is illegal in the UK?
Market skimming
Which pricing strategy can be influenced by the time of year?
Demand-oriented pricing
Which pricing strategy needs there to be no competitors in the market place to work effectively?
Which pricing strategy starts off at a high price but then is gradually lowered?
Which pricing strategy drops the price of a product for a short period of time?
Which pricing strategy only needs to take away a penny to have a considerable impact?
Which pricing strategy copies competitors’ prices?
Penetration price
Market price