Using penetration pricing, a company initially charges a low price, both to discourage competition and to grab a sizeable share of the market.
In order to attract customers, the penetration pricing approach entails launching a new good or service at a cheap price. Gaining market share and aggressively attracting clients through low costs are the objectives. In a pricing strategy known as penetration pricing, a product's price is first set very low to quickly reach a large portion of the market and spread word of mouth. The tactic relies on the notion that consumers will transfer to the new brand as a result of the price reduction.
When companies launch a low price for a brand-new good or service, this is known as penetration pricing. Competitors are compelled to match the offer or immediately implement alternative techniques since the first price undercuts it. Customers of rivals could switch to the less expensive product.
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They allow creators, or owners, of
patents, trademarks or copyrighted
works to benefit from their own
work or investment in a creation.
These rights are outlined in Article
27 of the Universal Declaration
of Human Rights, which provides
for the right to benefit from
the protection of moral and
material interests resulting from
authorship of scientific, literary
or artistic productions.
The importance of intellectual
property was first recognized in
the Paris Convention for the
Protection of Industrial Property
(1883) and the Berne Convention
for the Protection of Literary and
Artistic Works (1886). Both
treaties are administered by the
World Intellectual Property
Organization (WIPO).
so the answer would be C. because a market economy relied on the free exchange of goods and services without rules.
Answer:
60.11%
Explanation:
Weight of stock C = Value of stock C / total value of portfolio
225 x $42 / (225 x $42) + (190 x $33) = $9450 /15720 = 60.11%
Answer: B: Department stores
Explanation: Department stores, like most retailers, are experiencing greater competition and need to take extra steps to compete.
1. autocratic
2. consensus
3. delegating
4. supporting
5. facilitating
6. Democratic
7. integrator
