Business, 04.03.2020 03:26 EggWithWheels

Quackenbush Widgets has developed a new type of widget that whistles, sings, and plays the accordion—making it unlike any other widget ever produced. Quackenbush wishes to grab a hold in the musical widget market before its competitors create similar products, so when it releases its new widget it prices it at only $250—even though most of its other widgets start at $350. Which pricing strategy does this example show?

1. Cost-plus pricing
2. Price penetration
3. Price skimming
4. Value pricing

Answers: 2

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Quackenbush Widgets has developed a new type of widget that whistles, sings, and plays the accordion...