A store that sells childrens' clothes reduces its prices drastically during promotional sales.This is an example of:
A)everyday low pricing.
B)external reference price.
C)high/low pricing.
D)market penetration pricing.
E)value-based pricing.

Question

Quizplus · Accepted Answer

This is an example of high/low pricing where the store offers high prices initially, then reduces them drastically during promotional sales to attract customers.

A Store That Sells Childrens' Clothes Reduces Its Prices Drastically