Shailaja thinks that a sofa set would cost Rs. 20,100. To her delight, he finds that the price of the sofa set in the retail showroom is Rs. 20,000. This is a strategy of
A. going rate pricing
B. perceived value pricing
C. target profit pricing
D. cost plus pricing
Answer: Option B
Related Questions on Advertising and Marketing Communication
A. personal
B. non-personal
C. direct
D. indirect
If the price of the following product were increased, its demand would remain inelastic.
A. Computer
B. Petrol
C. Apparal
D. Gold
Creation of advertisement by an advertising agency involves activities like
A. copy writing
B. drawing photographs
C. making illustrations
D. all of the above

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