JAMB Commerce 2009 Objective — Question 43

Question 43 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2009 Objective paper, with the correct answer and a full explanation.

43. Market skimming is an example of a

A. market penetration
B. sales promotion
C. pricing policyCorrect
D. advertising

Explanation

Market skimming is a pricing approach in which the producer sets a high introductory price, then gradually reduces it.

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