Pricing strategies and methods
A) help direct and structure the selection of a final price.
B) are the last decisions made for a new product.
C) are the same for all of a company's products.
D) are the most important decisions made for a product.
E) require limited planning on the part of management.

Question

Quizplus · Accepted Answer

Pricing strategies and methods help direct and structure the selection of a final price for a product. They are an important decision that requires careful planning and consideration by management. The pricing strategy may differ depending on the product, target audience, competition, and other factors. Therefore, pricing decisions may not be the same for all of a company's products. It is also not the last decision made for a new product as the pricing strategy should be planned out in advance before the product launch.

Pricing Strategies and Methods