Question

Choice Motors produces luxury cars with heated leather seats, sleek design features, and expensive technology that includes giving drivers a 360-degree view of the exterior of the car while they are driving. The pricing strategy that would most likely be associated with these cars is _________.

Answer 1

Answer: Price skimming

Explanation: This is a pricing strategy whereby the business promoter puts a moderately increased preliminary price for a commodity at initial and reduces the price bit by bit. However, it enables the company to regain its amount of expense that was made in the past that cannot be regained nor will be important to the ruling about the events that are most likely to happen in time to come rapidly before rivalry walks in and reduces the state of trade price.