Companies who price their product low enough to attract a large number of buyers are most likely pursuing which of the following objectives?
A) Stable market pricing
B) High profits
C) Stable market activity
D) Low market volatility
E) Market share

Question

Quizplus · Accepted Answer

Companies who price their product low enough to attract a large number of buyers are most likely pursuing the objective of gaining market share. This strategy is effective in increasing the company's customer base and establishing a strong presence in the market. However, it may result in lower profits in the short term, as the prices are set lower than the competitors.

Companies Who Price Their Product Low Enough to Attract a Large