JAMB Commerce 2013 Objective — Question 35
Question 35 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2013 Objective paper, with the correct answer and a full explanation.
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Which of the following is used as a pricing policy?
- A. Market selection
- B. Labelling
- C. Market skimmingCorrect
- D. Packaging
Explanation
Price skimming is a price-setting strategy that a firm can employ when launching a product or service for the first time.
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