Foreman Enterprises produces and sells a variety of products for the home.Foreman recently introduced a new detergent at a very low price with the hope that a high number of consumers will try it out.Foreman is most likely using a ________ strategy.

Question

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A penetration strategy involves offering a low price for a new product in order to quickly gain market share and attract a large number of consumers. This aligns with Foreman's approach of introducing a new detergent at a very low price with the hope of encouraging many consumers to try it out.

Foreman Enterprises Produces and Sells a Variety of Products for the Home.Foreman