Question

Briefly explain the various pricing policies adopted by companies

Answer 1

Hii here is your Answer:---)

• These are the four basic strategies, variations of which are used in the industry.

• Apart from the four basic pricing strategies -- premium, skimming, economy or value and penetration -- there can be several other variations on these.

• A product is the item offered for sale. A product can be a service or an item.

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