Answer :
Product pricing approaches, which require managerial intuition and competition in the market rather than computational analysis, are called the qualitative product pricing.
What is meant by product pricing strategy?
When selling a product or service, a firm can employ a number of different pricing tactics. Senior executives must first analyze the company's price position, pricing segment, pricing capacity, and competition pricing reaction strategy in order to select the most successful pricing strategy.
The five most popular pricing techniques
Pricing at cost plus. Make a cost calculation and a markup addition.
affordable prices. Decide on a pricing depending on what the rivals charge.
skimming the price. As the market changes, set a high price and gradually reduce it.
Pricing for penetration.
Pricing depending on value.
Perhaps the most significant pricing tactic of all is value pricing. This considers how valuable, important, and beneficial your customers consider your goods or services to be.
To learn more about pricing strategy from given link
https://brainly.com/question/27124956
#SPJ4