Ask Question
31 July, 23:17

Which pricing policy is probably "best" for a profit-oriented, low-cost producer who is introducing a new product into a market with elastic demand and is expecting strong competition very soon after product introduction? 1. skimming pricing 2. meeting competition pricing 3. status-quo pricing 4. introductory price dealing 5. penetration pricing?

+3
Answers (1)
  1. 1 August, 01:44
    0
    5. Penetration Pricing

    Firms typically do this when offering a new product to take away some of the market shares of competitors by lowering the price of their products.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which pricing policy is probably "best" for a profit-oriented, low-cost producer who is introducing a new product into a market with ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers