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Question
Identify the pricing strategy used by the real estate market, where prospective home–owners often submit bids for properties that are less than the posted asking prices, leading to a series of offers and counteroffers that sometimes results in a sale taking place.
Options
Creaming Pricing Method
Variable Pricing Method
Cost Plus Pricing Method
Penetration Pricing Method
MCQ
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Solution
Variable Pricing Method
Explanation:
In the real estate market, prices are not fixed; buyers and sellers negotiate through bids and counteroffers until they reach an agreed price. This reflects the Variable Pricing Method, where the selling price changes according to buyer demand, market conditions, and individual negotiations, rather than remaining constant.
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