A 16-ounce bottle of Prairie Herb vinegar sells for $4.95, and a 16-ounce bottle of Heinz vinegar costs $1.05. Prairie Herb vinegar is new to the market, perceived to be of higher quality, and provides a unique flavour to foods even though it is used in the same way as Heinz vinegar. Prairie Herb vinegar is most likely using which type of policy?

a. price skimming
b. bundling cost pricing
c. penetration pricing
d. status quo pricing

Ans: a. price skimming

Business

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________ are long-term debt instruments business and government use to raise large sums of money

A) T-bills B) Bonds C) Common stocks D) Preferred stocks E) Commercial papers

Business

Brandon, a U.S. manager, is on a business trip in Tokyo meeting with a group of executives. Brandon receives a gift from one of the Japanese executives. What should Brandon most likely do?

A) verify the gift's cost B) open the gift in private C) refuse to accept the gift D) open the gift in front of the group

Business