Pluto, a footwear company, designs and creates sports shoes for children. Since most of Pluto's target market consists of children who are in school, Pluto's retailers agree to sell its shoes for a certain amount below the actual price on the products. The price that Pluto and its retailer agree to sell the sports shoes for is known as _____________.
- the value-based price
- the loss leader price
- the everyday low price
- the manufacturer's suggested retail price
- the reference price
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