A company that is attempting to gain a large share of the market by undercutting the prices of competitors is using a market expansion strategy.

Name: A company that is attempting to gain a large share of the market by undercutting the prices of competitors is using a market expansion strategy.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

The company is using a price penetration strategy, not a market expansion strategy. A market expansion strategy involves finding ways to attract new customers or enter new markets, not just focusing on price.

A Company That Is Attempting to Gain a Large Share