Question

Dan is especially price sensitive. He has been known to line up on "Black Friday" (the day after Thanksgiving) at 4 a.m. to be among the first to buy sale items. Dan would likely respond to a ________ pricing strategy.

Answer 1

Answer: Dan would likely respond to a high or low pricing strategy.

Explanation: A pricing strategy is a plan used to determine the price and maximize profits of a commodity either as a single unit or as the general commodity in the market.

Dan has been known to be sensitive to the price of goods will definitely respond if the prices are high or low because he'd be up to date with what the prices should be