There is an overabundance of apartments in a major city. Post Properties, the owner of many of the metropolitan area's largest apartment complexes, has reduced its rent so it can fill vacant apartments. Which of the following types of strategies did Post Properties use to create more demand for its apartments?

Question

Quizplus · Accepted Answer

Post Properties used a pricing strategy by reducing its rent to attract more demand for its apartments. This is a common approach when there is an oversupply of a particular product or service.

There Is an Overabundance of Apartments in a Major City