Product X was introduced into the market at N4.00 with its cost of product at...
COMMERCE
JAMB 1998
Product X was introduced into the market at N4.00 with its cost of product at N3.90 while competing products are at N4.50. What pricing policy are producers of X adopting?
- A. market skimming
- B. market penetration
- C. product live promotion
- D. above the market pricing
Correct Answer: A. market skimming
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