select the correct answer. which pricing strategy do companies typically use for luxury products? a. price…

select the correct answer. which pricing strategy do companies typically use for luxury products? a. price skimming b. premium pricing c. penetration pricing d. economy pricing

select the correct answer. which pricing strategy do companies typically use for luxury products? a. price skimming b. premium pricing c. penetration pricing d. economy pricing

Answer

Brief Explanations:

Premium pricing involves setting high prices to create an image of exclusivity and high - quality, which is suitable for luxury products. Price skimming is about high initial prices but is more about quickly recouping R&D costs. Penetration pricing uses low initial prices to gain market share, and economy pricing is for low - cost products.

Answer:

B. premium pricing