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प्रश्न
The main aim of penetrating pricing is to ______.
पर्याय
Provide funds for expansion
Maximize the market share
Provide a reasonable return on capital
Avoid price wars
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उत्तर
The main aim of penetrating pricing is to Maximize the market share.
Explanation:
Penetration pricing involves setting a low initial price for a new product to attract a large number of customers quickly and gain a significant market share. By doing so, the company aims to establish a strong presence in the market, discourage competitors from entering, and build customer loyalty. Once a substantial market share is achieved, the company may gradually increase prices to improve profitability.
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संबंधित प्रश्न
Markup pricing is also called as ______.
______ is the most common method used for pricing.
Setting a price below than that of the competition is called ______.
Under this Pricing Strategy, a business firm adjusts its own price policy in accordance with general pricing structure in the industry.
What is parity pricing?
Mention the advantages of cost plus pricing.
Give one difference between skimming pricing and penetrating pricing.
What pricing strategy will be used to launch a high-end smartphone?
What pricing strategy will be used to launch shampoo?
Discuss the cons of Penetrating Pricing Policy.
