Question

What market strategy uses skimming, penetration, or cost-plus methods?

1) price
2) product
3) promotion
4) place

Answer 1

Price is the market strategy that uses skimming, penetration, or cost-plus methods.

Step-by-step explanation:

The market strategy that uses skimming, penetration, or cost-plus methods is price.

Price skimming is a strategy where a company sets a high initial price for a new product and gradually lowers it over time. Penetration pricing involves setting a low initial price to quickly gain market share. Cost-plus pricing is a method where the price is set by adding a markup to the cost of production.