_____ is an example of pricing below competition,in which the firm is bidding directly against competition for project contracts.
A)Prestige pricing
B)Bundle pricing
C)Price skimming
D)Sealed-bid pricing

Question

Quizplus · Accepted Answer

Sealed-bid pricing is the pricing strategy of bidding directly against competition for project contracts. In this strategy, firms submit sealed bids, and the lowest bidder wins. This pricing strategy is commonly used in industries such as construction and engineering, where projects are awarded to the lowest bidder.

_____ Is an Example of Pricing Below Competition,in Which the Firm