A company which charges a lower price than may be indicated by economic analysis to gain...
A company which charges a lower price than may be indicated by economic analysis to gain a foothold in the market is practicing price skimming. penetration pricing. psychological pricing. prestige pricing.
Homework Answers
A company which sets a lower price than may be indicated by economic analysis to gain a foothold in the market is practicing :-
- Penetration pricing
In this,the price is set very low in order to attract customers and increase the market share for the new product
option(B)
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