Question: What makes your pricing strategy different from the penetration strategy? The penetration strategy uses prices that are slightly higher than the competition in order to
What makes your pricing strategy different from the penetration strategy?
The penetration strategy uses prices that are slightly higher than the competition in order to signal to consumers that the product quality is better than average.
There is no difference in our pricing strategy from the penetration strategy.
The penetration strategy uses prices that are significantly lower than the competition in order to try and attract customers, and this strategy is often used to enter new markets or for new products.
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