Hoplan,a motel chain,utilizes a pricing strategy of maintaining continuous minimum prices rather than relying on sales.This strategy is an example of _____ pricing.
A)skimming
B)psychological
C)everyday low
D)penetration

Question

Quizplus · Accepted Answer

Hoplan's pricing strategy of maintaining continuous minimum prices is an example of everyday low pricing. This strategy involves setting low prices consistently, rather than relying on sales, discounts, or promotions to attract customers.

Hoplan,a Motel Chain,utilizes a Pricing Strategy of Maintaining Continuous Minimum