Question: please answer this question within 30 minutes. make sure the explanation and reasons are explained in very detailed manner as in why the option is

please answer this question within 30 minutes. make sure the explanation and reasons are explained in very detailed manner as in why the option is correct and why other options sre incorrect give reasons for the same , Attempt the answer only if your are 100% sure that its correct. else leave it for other tutor otherwise i will give negative ratings and will also report your answer for unprofessionalism. Make sure the answer is 100% correct and is not copied from anywhere. ATTEMPT THE QUESTION ONLY IF YOU ARE 100% CORRECT AND SURE. ELSE LEAVE IT FOR ANOTHER TUTOR. BUT PLEASE DONT PUT WRONG ANSWER ELSE I WILL REPORT.

please answer this question within 30 minutes. make sure the explanation and

[Rohan] Rohan is shopping online for new shorts from Lululemon, and he comes across their new 5' Slay shorts, which are priced at $99, and he decides he needs them. But right next to them he sees the 5" Fierce short, which were originally priced at $149, but are now only $100. He decides that the Fierce shorts must be a better deal and buys those instead. What pricing concept was used to make the Fierce shorts more desirable? O external reference price O penetration price O low-price leader cost-based pricing O internal reference price Stop sharing Hide

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!