In a down economy,a local florist surveys her customers to determine the amount they feel comfortable spending for a bouquet of flowers.Then she displays bouquets costing that exact amount in her refrigerated case.This is an example of
A)reference pricing.
B)line pricing.
C)bundle pricing.
D)leader pricing.
E)demand-backward pricing.

Question

Quizplus · Accepted Answer

Demand-backward pricing is setting an acceptable final consumer price and working backward to what a producer can charge.

In a Down Economy,a Local Florist Surveys Her Customers to Determine