Question

New product pricing strategy through which companies set lower prices to gain large market share is classified as

Answer 1

New product pricing strategy through which companies set lower prices to gain large market share is classified as penetration pricing

Answer 2

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$\huge\color{Orange}\boxed{Answer}$

It is known as Penetration pricing .

It is used for pricing of goods .

During the depression phases , the power of consumers is reduced ruthlessly .

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