Asked by
Grace Oguama
on Nov 20, 2024
Verified
A high\low pricing strategy relies on the promotion of sales, during which prices are temporarily reduced to encourage purchases.
High\Low Pricing
A retail strategy that involves alternating between high prices and discount sales to attract customers while maximizing profit margins.
Promotion of Sales
Activities and strategies to increase consumer awareness and sales of a product or service, often temporary to stimulate demand.
- Evaluate the impact of pricing strategies on generating value for both consumers and the organization.
- Realize the practical applications of pricing strategies in real-world scenarios.
Verified Answer
PO
Learning Objectives
- Evaluate the impact of pricing strategies on generating value for both consumers and the organization.
- Realize the practical applications of pricing strategies in real-world scenarios.
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