A company sells digital music players and is introducing its latest player to the market. The company
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Question:
A company sells digital music players and is introducing its latest player to the market. The company knows it can't compete head-to-head with Apple and its iPods at $100. It decides to choose a pricing strategy that will capture more of the market by charging a much lower price of $39. It decides to increase the demand for its digital music players in order to take advantage of economies of scale. What type of pricing strategy should the company choose?
Responses:
skim pricing
break-even pricing
penetration pricing
Related Book For
Understanding Business Ethics
ISBN: 9781506303239
3rd Edition
Authors: Peter A. Stanwick, Sarah D. Stanwick
Posted Date: