The pricing strategy that assumes that demand is relatively inelastic over certain price ranges is called
A) price lining.
B) odd-number pricing.
C) price skimming.
D) prestige pricing.
E) customary pricing.

Name: The pricing strategy that assumes that demand is relatively inelastic over certain price ranges is called A) price lining. B) odd-number pricing. C) price skimming. D) prestige pricing. E) customary pricing.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Price lining assumes that demand is relatively inelastic over certain price ranges.

The Pricing Strategy That Assumes That Demand Is Relatively Inelastic