What type of demand for a product would penetration pricing work BEST for?
A) elastic
B) highly elastic
C) inelastic
D) highly inelastic

Name: What type of demand for a product would penetration pricing work BEST for? A) elastic B) highly elastic C) inelastic D) highly inelastic
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Penetration pricing works best for products with highly elastic demand because a lower price can significantly increase the quantity demanded, allowing the company to quickly gain market share.

What Type of Demand for a Product Would Penetration Pricing