Penetration pricing and price skimming of the market are two types of new-product pricing.

Name: Penetration pricing and price skimming of the market are two types of new-product pricing.
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Penetration pricing is a strategy where a product is initially priced low to gain market share, whereas price skimming involves setting a high price initially and gradually lowering it over time as demand decreases. These are two common pricing strategies used for new products.

Penetration Pricing and Price Skimming of the Market Are Two