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WAEC Marketing 2020 Question 26

Question 26

Pricing

A type of pricing where a buyer and a seller continue to bargain until an agreement is reached for the price of a product is

  1. A.cost-plus.
  2. B.haggling.
  3. C.hedging.
  4. D.loss-leader.
Show the answer and explanation

Answer: B (haggling.)

Explanation

Haggling is bargaining over price.