Question

A product or service pricing strategy by which a company set lower prices to gain a large market share is called

Answer 1

l, but did not require the development of dramatic new technology. It did not immediately replace the horse-drawn carriage, but in time incremental improvements reduced the cost and improved the technology, leading to the modern auto industry. Despite Schumpeter's early 20th-century contributions, the traditional microeconomic theory did not formally consider the entrepreneur in its theoretical frameworks (instead of assuming that resources would find each other through a price system). In this treatment, the entrepreneur was an implied but unspecified actor, consistent with the concept of the entrepreneur being the agent of x-efficiency.

Answer 2

Pricing Strategies. A product or service pricing strategy by which a company set lower prices to gain a large market share is called Pricing Strategies.

Mainly, Price is value that puts to product or service along with the result of the complex that is set on the calculation, research as well as understanding with taking ability.