Join the growing community of curious minds on IDNLearn.com. Receive prompt and accurate responses to your questions from our community of knowledgeable professionals ready to assist you at any time.

explain spirit's pricing strategy in your own words. does the company employ good-value pricing or value-added pricing? explain.

Sagot :

Spirit Airlines uses GOOD-VALUE pricing because they provide the ideal balance of high caliber and excellent service at a reasonable cost. The primary offering of the business is an airplane seat.

Value pricing is possibly the most essential pricing technique of all. This considers how valuable, significant, and useful your consumers consider your goods or services to be.

According to the pricing technique known as penetration pricing, manufacturers of new products set their prices extremely low in the hopes of luring consumers to buy them. Although penetration pricing enhances a company's market share, it can also result in the company making very little money.

Learn more about Penetration pricing here,

https://brainly.com/question/27124956

#SPJ4

We appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. Your search for solutions ends at IDNLearn.com. Thank you for visiting, and we look forward to helping you again.