In what pricing strategy customers are asked how much they would pay for the product?
A)skimming
B)loss-leader pricing
C)customer-led pricing
D)competition-led pricing

Question

Quizplus · Accepted Answer

Customer-led pricing involves asking customers how much they would be willing to pay for the product, and then setting the price accordingly. This strategy allows businesses to match their prices to customer expectations and maximizes the likelihood of making sales. Skimming involves setting high prices for new products, while loss-leader pricing involves deliberately selling products at a loss to attract customers. Competition-led pricing involves setting prices based on what competitors are charging.

In What Pricing Strategy Customers Are Asked How Much They