What type of pricing is being used when a company temporarily prices its products below the list price to create buying excitement and urgency?
A) segmented pricing
B) psychological pricing
C) geographical pricing
D) promotional pricing
E) dynamic pricing

Question

Quizplus · Accepted Answer

Promotional pricing is when a company temporarily lowers the price of their product to create excitement and urgency among buyers. This type of pricing is often used to promote a new product, clear out excess inventory, or compete with other companies. It is a common strategy in many industries, such as retail, hospitality, and entertainment.

What Type of Pricing Is Being Used When a Company