Often a seller will establish a series of prices for a family of merchandise items. There may be several different models at specific price points but no prices in between. This policy is called:

Price lining

Explanation:

Price lining -

It refers to as the marketing strategy where the price of the product helps to distinguish between the same or similar goods and service , is referred to as price lining .

It is also known as product line pricing .

If the price of the similar goods or service is higher , then it indicates to be of higher quality , where as lower price indicates lower quality .

Hence , from the given information of the question ,

The correct answer is price lining .

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