What type of demand for a product would penetration pricing work best for?
A) elastic
B) highly elastic
C) inelastic
D) highly inelastic

Name: What type of demand for a product would penetration pricing work best for? A) elastic B) highly elastic C) inelastic D) highly inelastic
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Penetration pricing is most effective for products with highly elastic demand because consumers are very sensitive to price changes. Lowering prices can significantly increase the quantity demanded.

What Type of Demand for a Product Would Penetration Pricing