Penetration pricing is one new-product pricing approach that provides the most flexible introductory price.

Name: Penetration pricing is one new-product pricing approach that provides the most flexible introductory price.
Brand: Quizplus
Rating: 4.9 (39 reviews)

Question

Quizplus · Accepted Answer

Penetration pricing involves setting a low initial price to penetrate the market quickly and deeply, attracting a large number of buyers quickly, which is not the most flexible but rather a specific strategy aimed at gaining market share.

Penetration Pricing Is One New-Product Pricing Approach That Provides the Most