Question

What the term of reducing the price of an item in order to encourage sales

Answer 1

It is called Predatory pricing

Step-by-step explanation:

Promotional pricing is when a sales strategy when brands temporarily reduce the price of a product so it attract prospects and customers. when they lower the price for a little time the brand artificially increases the value of a product.

Answer 2

Answer: Promotional Pricing would reduce the price of an item in order to encourage sales.

Step-by-step explanation:

What Is Promotional Pricing? Promotional pricing is a sales strategy in which brands temporarily reduce the price of a product or service to attract prospects and customers. By lowering the price for a short time, a brand artificially increases the value of a product or service by creating a sense of scarcity.

Hope this helps :)