A company wanting to maximize profits from its new product would use product-line pricing.

Name: A company wanting to maximize profits from its new product would use product-line pricing.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Product-line pricing is a pricing strategy that sets prices for a range of products that are related to each other. The goal of product-line pricing is to maximize profits by offering a range of products that appeal to different customer segments.

A Company Wanting to Maximize Profits from Its New Product