A car manufacturer offers cars in the luxury segment.It establishes a price floor and a price ceiling for the entire line of cars and then sets a few other price points in between to represent distinct differences in quality.It helps the manufacturer to satisfy a wide range of tastes and budgets.This is an example of:

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Price lining is a strategy where a company sets a range of prices for a particular product line, allowing customers to choose based on their budget and perceived quality differences.

A Car Manufacturer Offers Cars in the Luxury Segment