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प्रश्न
Discuss the cons of Penetrating Pricing Policy.
थोडक्यात उत्तर
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उत्तर
- Price Wars: Pricing strategies can trigger price wars, which can negatively impact the profitability of the entire industry.
- Short-term gains: The advantages of this approach may be short-lived if not supported by long-term strategies for customer retention and product differentiation.
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Price - Pricing Strategies
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संबंधित प्रश्न
It is also known as 'going rate pricing' or competition based pricing.
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"Penetrating pricing leads to setting a high initial price". Comment
