Question

Small businesses that sell unique goods and customised packaging generally rely heavily on what type of pricing?

Premium pricing

Economy pricing

Psychological pricing

Pricing for penetration

Answer 1

Answer:

Premium pricing

Explanation:

In premium pricing, a business sets a price higher than that of its closest competitors. A company selling unique products that have customized packaging should use a premium pricing strategy.

The business should take capitalize on the uniqueness of its products. It should market the products as unique and of high quality, and worthy of their prices. The customized packaging is a selling point and another justification for the premium price.