_____policy will produce more income in the early stages of a product life cycle only when the top of the market is insensitive to price and willing to pay what is asked. a. Prestige Pricing b. Skimming price c. Penetration Pricing. d. Psychological Pricing

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Customary Pricing

There are various types of pricing strategies followed in the market. They are psychological pricing, odd pricing, free onboard pricing, customary pricing, prestige pricing, dual pricing, ruling pricing, negotiated pricing, mark up pricing, etc. each one can be explained as follows: 

Multiple Unit Pricing

“Multiple-unit pricing is a practice where a company offers consumers a lower than unit price if a specified number of units are purchased.”