_____ refers to setting a price low relative to competition to gain market share.
A) Penetration pricing
B) Price skimming
C) Economy pricing
D) Bundling

Name: _____ refers to setting a price low relative to competition to gain market share. A) Penetration pricing B) Price skimming C) Economy pricing D) Bundling
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Question

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Penetration pricing is a strategy where a product is priced lower than the competition to quickly gain market share.

_____ Refers to Setting a Price Low Relative to Competition