Which is the condition for market penetration?
A)high price elasticity of demand in the short run
B)savings in production cost
C)threat of potential competition
D)all of these

Question

Quizplus · Accepted Answer

Market penetration can be effectively pursued when there is high price elasticity of demand (allowing for price adjustments to increase volume sold), savings in production cost (enabling competitive pricing), and the threat of potential competition (motivating efforts to quickly capture or increase market share).

Which Is the Condition for Market Penetration