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

What is penetration pricing?
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 under an even number
setting a market price for a product or product class based on a subjective feel for the competitors' prices or market price
setting the highest initial price that customers really desiring the product are willing to pay
What is penetration pricing? Multiple Choice setting a low initial price

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