JAMB Commerce 2014 Objective — Question 42
Question 42 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2014 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. Labelling
- B. Packaging
- C. Market selection
- D. Market skimmingCorrect
Explanation
Market skimming is a pricing approach in which the producer sets a high initial price and gradually reduces it, used as a pricing policy.
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