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You are a US marketer of rugged American jeans. You decide to sell them in China where American jeans are all the craze. There will

You are a US marketer of rugged American jeans. You decide to sell them in China where American jeans are all the craze. There will be large number of people who will pay high price just for the American name and pay that price for their repeat purchases as well. You could price it at $100 and still make a profit. Instead you decide that its price will be $200 at least for a foreseeable future. This pricing strategy is called: Group of answer choices Prestige pricing Penetration pricing Skim Pricing Transfer pricing Exclusive pricing

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