Business Studies Multiple Choice Question – 9 July 2017

Which of the following is NOT an approach to pricing?

Select ONE answer:

  1. Price discrimination
  2. Price skimming
  3. Penetration pricing
  4. Price renumeration
  5. Price leadership

Explain and give an example of what is meant by price skimming:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Business Studies KS5 classes.

The answer is 4 – Price renumeration is not a known pricing strategy

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