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Alex17521 [72]
2 years ago
8

Which pricing tactic calls for offering three similar products, one that is lower priced and less attractive and two that are co

mparable but more expensive
Business
1 answer:
netineya [11]2 years ago
8 0

Decoy pricing tactic calls for offering three similar products, one that is lower priced and less attractive and two that are comparable but more expensive.

<h3><u></u></h3><h3><u>What is decoy pricing?</u></h3>

A price strategy called decoy pricing aims to "push" customers to make a decision. Customers sometimes have to choose between products with varying costs and features while making purchases. And when a business seeks to increase sales of a certain product, it frequently chooses what is known as a decoy pricing structure to sway the consumer's choice. In this instance, the "decoy" is either a product with a slightly cheaper price but much worse quality, or a product with a significantly higher price but slightly greater quality.

The attraction effect and the compromise effect are the two distinct effects on which the decoy pricing strategy is predicated.

<u></u>

Learn more about pricing tactics with the help of the given link:

brainly.com/question/25716956?referrer=searchResults

#SPJ4

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denpristay [2]
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Direct materials used              $15

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Total cost of work in process     $90

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Cost of goods available for sale                 $85

Less: Ending finished goods inventory        <u>$15</u>

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