Question: Penetration pricing is Multiple Choice setting a low initial price on a new product to appeal immediately to the mass market. charging different prices to

Penetration pricing is
Multiple Choice
setting a low initial price on a new product to appeal immediately to the mass market.
charging different prices to different buyers for goods of like grade and quality.
setting prices a few dollars or cents above an even number to indicate quality.
setting a high price so that quality- or status-conscious consumers will be attracted to the product and buy it.
setting a below-market price for the product or product class oriented on a subjective feel for competitors' prices or market price as the benchmark.
Penetration pricing is Multiple Choice setting a low initial price on

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