I don’t even know to be honest only commenting to get some points ....:
In this example, Wrigley used the Penetration pricing.
Penetration pricing is one of marketing strategy which aims to attract potential customers by offering lower price as its initial offering.
This pricing strategy helps a new product or service to penetrate the market and attract customers because of the low price offered.
In the question, the introductory price for chewing gum, mint mojito were set low and aims to attract new customers to the product.
In conclusion, Wrigley used the Penetration pricing to attract new customers.
Read more about this here
<em>brainly.com/question/3521758</em>
A company may focus on lost contribution margin or prepare comparative income statement when making a product line decision
<h3>What is income statement?</h3>
An income statement can be regarded as financial statement which helps to display company's income and expenditures.
It is a financial statement that shows you the company's income and expenditures. It also shows whether a company is making profit or loss.
Hence, when making a product line decision, a company may focus on lost contribution margin and avoidable fixed costs or prepare comparative income statement.
Learn more about income statement here : brainly.com/question/21851842
We can represent the number of potential outcomes by 3 to the power 8.
<h3>What is permutation and combination?</h3>
Permutation relates to the act of arranging all the members of a set into some sequence or order.
We can assume, for two choices, we have one decision. This can be represented as, since we have eight decisions,
Representation of the potential outcomes are:
= 3^1 + 3^1 + 3^1 + 3^1 + 3^1 + 3^1 + 3^1 + 3^1
= 3^8
= 6,561
Learn more about permutation and combination here: brainly.com/question/21014199
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