Question

which is an example of promotional pricing? (1 point)
a business sells a new product at a lower price initially, but raises prices once the product has loyal customers.
a company sells a product for $6.99 rather than $7.00.
a company offers 40% off with a $60 or more purchase.
a business places billboard ads in a heavily populated area of town, hoping to attract more consumers.

Explanation:

Promotional pricing involves offering temporary price - related incentives to boost sales. A company offering 40% off with a $60 or more purchase is a promotional pricing strategy as it's a short - term discount to encourage larger purchases. The first option is more of a market - penetration and price - skimming strategy, the second is psychological pricing, and the fourth is advertising, not pricing.

Answer:

C. A company offers 40% off with a $60 or more purchase.