Millionaire Mode

Fashion Retail Pricing Strategies and Markdowns

Question 1 of 15

Which pricing strategy involves setting a high initial price and gradually reducing it over time?

  1. Penetration Pricing
  2. Cost-Plus Pricing
  3. Value-Based Pricing
  4. Skimming Pricing

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000