how does penetration pricing discourage rival companies from entering the market? (choose every correct answer.)

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fernnadoorellan2042 fernnadoorellan2042

08-11-2022
Business

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how does penetration pricing discourage rival companies from entering the market? (choose every correct answer.)

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Bhuvangarg Bhuvangarg · Answer 1 · 2022-11-12T13:46:18+01:00

Competitors won't be able to enter the market if you sell your products at a low price because they can't afford to sell at that price. Lower costs.High sales can result from low prices.

Why is the pricing strategy known as market penetration effective for an aggressive new competitor?

A new product or service can better penetrate the market and draw customers away from rivals thanks to the lower price. Market penetration pricing is based on promoting a new product to a large number of customers at low prices at first.

Is the strategy used when a company lowers the price of a new product to deter competitors from entering the market?

A penetration pricing strategy, in contrast to a skimming approach, establishes a low initial price.Frequently, numerous competing goods are already on the market.The objective is to get however much of the market as could be expected to attempt the item.

Learn more about Market penetration here:

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