In 2003 Frito-Lay introduced its Stax brand of potato chips. ...

[torybrooks]

In 2003 Frito-Lay introduced its Stax brand of potato chips. These chips were meant to compete directly against Pringles. The intent was to gain market share quickly. During the first few months they were on the market, Stax retailed for 69 cents. What type of pricing strategy is Frito-Lay likely using?
 A) Price-skimming
  B) Captive pricing
  C) Periodic discounting
  D) Penetration pricing
  E) Bait pricing

Question 2

High-end luxury products that will be priced high do not need to evaluate their competitor's prices.
 
 Indicate whether the statement is true or false

[hugthug12]

Answer to Question 1

D

Answer to Question 2

False

[torybrooks]

Thanks for the timely response, appreciate it

[Viet Thy]

Great answer, keep it coming