Customers expect a particular price to be charged for a certain product is called ndash ........

Principles of Marketing Management Product Decisions

Download Solution PDF

Customers expect a particular price to be charged for a certain product is called–

Psychological pricing

Customary Pricing

Monopoly pricing

Penetration pricing

छोटे Courses बड़े Results

Master Product Decisions

Prepare through Micro-courses

Try Now

Explanation:

B. Customary Pricing

Is a technique used to determine the price for a product and/or service based. The price is based on the value placed on the product and/or service by the buyer. Historically, customary pricing is used for Â products with a relatively long market history of being sold for a particular amount.