If the toy products are initially sold at an extremely low price that just covers the costs in order to get competitors' market share,then this pricing strategy would be known as _____.

Question

Quizplus · Accepted Answer

This is because the pricing strategy described involves selling products at a very low price initially to capture market share, which is the key feature of penetration pricing. Price skimming involves setting a high price for a new, unique product and gradually reducing it over time, while price signaling involves pricing a product to signal its quality or value. Partitioned pricing involves offering different prices for different features or options within a product.

If the Toy Products Are Initially Sold at an Extremely