Administered pricing can be used in association with ________.
A) market penetration
B) price wars
C) market skimming
D) elastic demand

Question

Quizplus · Accepted Answer

Administered pricing is most commonly used in conjunction with market skimming, where a company sets a high price for a new product to match or exceed the high demand for that product. It is not suitable for market penetration or price wars, which require lower prices to attract customers and gain market share. Elastic demand refers to a market where consumers are highly sensitive to price changes, making it difficult to use administered pricing.

Administered Pricing Can Be Used in Association with ________