Question

Multipoint pricing occurs when a company buys products at a cheaper rate in one country to sell at a higher price in another country. allows markets to determine the pricing of a product. aggressively prices in one market to elicit a competitive response from a rival in another market. prices its products at a loss in order to drive out competitors from the market. prices two similar products at low and high prices in order to boost sales of the lower priced products.

Answer 1

Answer:

aggressively prices in one market to elicit a competitive response from a rival in another market.

Explanation:

Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services.

In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.

One of the importance associated with the pricing of products is that, it improves the image of a business firm.

Multipoint pricing occurs when a company aggressively prices in one market to elicit a competitive response from a rival in another market.

This ultimately implies that, a company's pricing strategy in one market is likely to impact the pricing strategy of its rival in another market.