Answer:
The correct option is setting prices of a lie  of products at a number of different specific pricing points.
Explanation:
Price lining is also known as product line pricing refers to a marketing strategy of giving different prices to different products within a product line based on the consumer's perceived quality.
In other words, the product perceived to be of high quality has a high price tag attached to it and vice versa.
The practice of setting a low initial price on a new product is known as penetration pricing and not price lining.
Charging different prices to different buyers for goods of like grade and quality is known as price skimming
Answer:
setting the price of a line of products at a number of different specific pricing points.
Explanation:
Price lining refers to a price strategy where different products belonging to a same product line will be sold at different prices. The differences in price are generally due to differences in the products' quality. For example, manufacturers of laptops or smartphones set different prices depending on the products' features and perceived better quality and performance.
