Statement-I: Pricing at par with the market price of existing brands is considered to be the most reasonable pricing strategy for selling a product in a strongly competitive market.
Statement-II: Pricing below market price is found to be more successful when the seller intends to achieve a prestigious position among the sellers in the locality for selling prestigious goods of superior quality.

A. Both the statements are correct

B. Both the statements are incorrect

C. Statement-I is correct, but Statement-II is incorrect

D. Statement-I is incorrect, but Statement-II is correct

Answer: Option C