Asked by

Devan Roblero
on Dec 15, 2024

verifed

Verified

Swedish company Asko, which prides itself on manufacturing and marketing some of the best-built and most prestigious appliances in the world, would most likely use which competition-oriented pricing approach?

A) customary pricing
B) above-market pricing
C) loss-leader pricing
D) target profit pricing
E) penetration pricing

Above-market Pricing

Setting the price of a product or service higher than the prevailing market price, often as a strategy to signal superior quality or exclusivity.

Swedish Company

A business entity that is registered and operates within Sweden, adhering to the country's regulatory and business environment.

Prestigious Appliances

High-end home appliances that are revered for their quality, performance, and brand reputation.

  • Determine the effects of competitive elements on the determination of prices.
  • Differentiate among pricing strategies based on cost, demand, and competition.
verifed

Verified Answer

NF
Natalie FerrariDec 17, 2024
Final Answer:
Get Full Answer