A firm that has realized production efficiencies through economies of scale could successfully launch a new product using a price penetration strategy.

Name: A firm that has realized production efficiencies through economies of scale could successfully launch a new product using a price penetration strategy.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Economies of scale reduce production costs, allowing the firm to set lower prices to quickly gain market share with a price penetration strategy.

A Firm That Has Realized Production Efficiencies Through Economies of Scale