Penetration pricing means charging a relatively low price for a product as a way to reach the mass market.The low price is designed to capture a large share of a substantial market.Thus,penetration pricing does which of the following?
A) tends to be more effective in a less price-sensitive market
B) tempts competitors to enter the market
C) recoups product development costs quickly
D) tends to lower production costs
Correct Answer:
Verified
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