Question

Which pricing strategy simplifies the pricing decision by pricing different products in a product line at different price points depending on their​ quality, features, and cost dash for​ example, good​ (basic), better​ (upgraded), and best​ (premium)?

Answer 1

Answer:

Price lining

Explanation:

Price lining can also be called product line pricing, it is a marketing strategy where a business prices its offerings according to the quality, features, or attributes to differentiate it from other similar offerings.

In other words, price lining is a process of grouping similar offerings under different price brackets, each varying slightly by the quality features, or attributes on offer. These brackets usually tend to start low and go higher in price.