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Business Data Management · Quiz 2 · 10 Jul 2022 · May 2022 term

Question 5: When a company launched a product, its price was Rs.10,00…

Question 5

+1 markOne correct option

When a company launched a product, its price was Rs.10,000 per unit. After a couple of months, the price of the product was set to Rs. 8,000 per unit. Currently, the product sells at Rs. 5,000 per unit. Then what pricing strategy has the company adopted?

  1. A

    Skimming

  2. B

    Penetration pricing

  3. C

    Peak-load pricing

  4. D

    Psychological pricing

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Correct answer

  • A

    Skimming

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Question 5 of 20 in the IIT Madras BS Business Data Management (BDM) Quiz 2 paper sat on 10 Jul 2022, in the May 2022 term (IIT M DIPLOMA QUIZ2 EXAM QPE1 10 July 2022). It carries 1 mark.

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