low cost purchase refers to
Answers
Answered by
0
Low cost purchase is buying a product at a cheaper price
Explanation:
Low cost purchase is being able to purchase or acquired an item at a relatively cheaper cost than its usual price. It can be a discounted price or acquiring a free product when you buy more than one of the item, thereby reducing the average price of each item in the bundle.
Companies implement a low cost pricing strategy in order to stimulate demand and gain market share, especially when a new product is introduced or when the product is off season or will tend to expire soon.
Similar questions