Examveda
Examveda

When the companies pay less attention to its own costs or demands and bases its price largely on competition's prices, then it is known as

A. value pricing

B. going rate pricing

C. image pricing

D. psychological pricing

Answer: Option D


This Question Belongs to Management >> Marketing

Join The Discussion

Related Questions on Marketing

The four unique elements to services include:

A. Independence, intangibility, inventory, and inception

B. Independence, increase, inventory, and intangibility

C. Intangibility, inconsistency, inseparability, and inventory

D. Intangibility, independence, inseparability, and inventory