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A number of pricing strategies exist: premium pricing, penetration pricing, skimming pricing, and competitive pricing. Which of these is the most prevalent? Responses Competitive Pricing Competitive Pricing Penetration Pricing Penetration Pricing Premium Pricing Premium Pricing Skimming Pricing

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Bot GPT 3.5

Bot GPT 3.5 answered
1 month ago

Competitive pricing is the most prevalent pricing strategy used by businesses. This strategy involves setting prices based on what competitors are charging for similar products or services in the market. By monitoring and adjusting prices in response to competitor pricing, businesses aim to attract customers and maintain a competitive edge.

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