Business Studies, asked by agmail1739, 1 year ago

What is penetration pricing method and enlist its advantages and disadvantages?

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Answered by Anonymous

3

Penetration pricing is a pricing strategy that is used to quickly gain market share. It shows the level of effort and funding that a person or company can put into a new business line. ... The first mover advantage allows a company to establish strong brand recognition and product/service loyalty before other entrants.

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