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anzhelika [568]
1 year ago
14

Most new carmex products are priced between $0. 99 and $2. 99, well within reach of the price-sensitive mass consumer market. Ca

rmex is utilizing a ________ strategy with its lip balm products.
Business
1 answer:
Roman55 [17]1 year ago
4 0

Carmex is utilizing a penetration pricing  strategy with its lip balm products.

The correct option is B

<h3>What is penetration pricing ?</h3>

A pricing approach known as penetration pricing involves initially setting a product's price low in order to quickly reach a large portion of the market and spur word-of-mouth marketing. The marketing plan is that because of the cheaper price, consumers will migrate to the new brand.

<h3>What is penetration pricing give an example?</h3>

One month of free internet service has been offered by a brand-new telecommunications provider to users. Since the telecommunications business offered its internet services for free for the first month in order to enter the market, this is an example of penetration pricing.

To know more about penetration pricing visit:

brainly.com/question/6685964

#SPJ4

I understand that the question you are looking for is:

Most new Carmex products are priced between $0.99 and $2.99, well within reach of the price sensitive mass consumer market. Carmex is utilizing a _________ strategy with its lip balm products.

A) skimming pricing

B) penetration pricing

C) prestige pricing

D) price lining

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skelet666 [1.2K]

An unfavorable materials quantity variance indicates that the actual usage of materials exceeds the standard material allowed for output.

<h3>What do you mean by material quantity variance?</h3>

The material quantity variance refers to the difference between the standard amount and the actual amount of materials used in the production process.

The material quantity variance yield unusual results as it is based on a standard unit quantity that is not even close to the actual usage.

Therefore, an unfavorable materials quantity variance indicates that the actual usage of materials exceeds the standard material allowed for output.

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