Question

Residual, a company that manufactures soda, offers its latest products at very low prices. Residual's strategy is based on the assumption that more customers will be willing to buy its products if they are offered at lower prices. Residual has adopted this strategy to attract a larger customer base and increase its sales volume even though it will only gain a small profit on each individual sale. In this scenario, Residual has implemented the _____ strategy.

Answer 1

Answer:

"Penetration pricing" is the right answer.

Explanation:

• This seems to be a payment category for clients throughout the beginning design phase of the project commodity that the lender spends relatively cheap prices.
• This enables everything to infiltrate the competition or marketplace as well as overthrow its potential competitors, and here's the similar thing.

Thus the above is the appropriate solution.