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WAEC Marketing 2021 Question 5

Question 5

Pricing

A pricing strategy in which the buyer and seller bargain to reach an agreement on the price of a product is

  1. A.cost-plus.
  2. B.haggling.
  3. C.skimming pricing.
  4. D.penetration pricing.
Show the answer and explanation

Answer: B (haggling.)

Explanation

Haggling is bargaining over price.