What type of pricing is being used when a company temporarily prices its product below the list price or even below cost to create buying excitement and urgency?
A)segmented pricing
B)psychological pricing
C)reference pricing
D)promotional pricing
E)dynamic pricing

Question

Quizplus · Accepted Answer

This is a clear example of promotional pricing, where companies lower the price to create buying excitement and urgency among customers. This helps to attract more customers to the product and increase sales.

What Type of Pricing Is Being Used When a Company