Question

Which strategy is an example of product pricing

Answer 1

1. Pricing at a Premium
With premium pricing, businesses set costs higher than their competitors. Premium pricing is often most effective in the early days of a product’s life cycle, and ideal for small businesses that sell unique goods.

Because customers need to perceive products as being worth the higher price tag, a business must work hard to create a value perception. Along with creating a high-quality product, owners should ensure their marketing efforts, the product's packaging and the store's décor all combine to support the premium price.

Answer 2

Answer: dollar menus

Step-by-step explanation:

Since you didn't give options I'm gonna assume it's the same test I had, and if so dollar menus was the answer