JAMB Commerce 2017 Objective — Question 28
Question 28 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2017 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. A. Labelling
- B. B. Packaging
- C. C. Market selection
- D. D. Market skimmingCorrect
Explanation
Market skimming is a pricing policy of setting a high price initially, then lowering it over time.
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