Which of the following is correct with regard to the pricing of existing and new products?
A) Price skimming is generally most effective for consumer goods, but penetration pricing is generally most effective for industrial goods.
B) The penetration pricing option is generally most effective for both consumer and industrial goods.
C) In the car rental business, setting prices below the market generally works best.
D) Penetration pricing is generally superior to a skimming strategy for new products.
E) None of these is correct.

Question

Quizplus · Accepted Answer

None of the statements provided accurately describe the general rules or effectiveness of pricing strategies across all contexts. Pricing strategies like skimming and penetration can be effective in various situations depending on the product, market conditions, and consumer behavior, rather than being universally best for certain types of goods or industries.

Which of the Following Is Correct with Regard to the Pricing