When Apple introduced the iPhone $5$c$,$ it was at a relatively low price designed to capture a large share of the Chinese market. What type of pricing strategy was Apple pursuing?

Question $1$ options:

a$)$

penetration pricing

b$)$

price$-$insensitive demand

A June sale on Cadbury Creme Eggs, an Easter staple for many people, is an example of which of the following pricing tactics?

Question $2$ options:

a$)$

quantity discount

b$)$

seasonal discount

c$)$

promotional allowance

d$)$

functional allowance