Asked by Brianna Glenn on Feb 18, 2024



A grocery store offers cans of vegetables at 10 for $10.This is most likely which of the following pricing strategies?

A) skimming
B) fair pricing
C) psychological pricing
D) customer-led pricing


A high pricing strategy, generally used for new products or services that face very little or even no competition.

  • Understanding different pricing strategies used by businesses.
  • Recognizing the concept of skimming pricing strategy.
  • Understanding the concept of fair pricing strategy.

Verified Answer

Cheyenne Powell

Feb 18, 2024

Final Answer :
Explanation :
This is an example of psychological pricing, where the price is set at a round number ($1 per can) to appeal to customers' perception of a good deal.