I think it would be A my good fellow person.
The initial strategy of the target store was to set prices low to attract a large number of buyers quickly and win a large market share. his is referred to as <u>market-penetration pricing.</u>
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<h3>What is market-penetration pricing?</h3>
Market-penetration pricing is a pricing strategy in which a manufacturer, in an effort to increase market share, sets a comparatively low price for a product at the beginning of its life cycle.
By initially setting a low price to persuade customers to buy, penetration pricing is a pricing approach used to swiftly increase market share. New market entrants typically employ this price strategy. Predatory pricing is a severe variation of penetration pricing.
Hence, The initial strategy of the target store was to set prices low to attract a large number of buyers quickly and win a large market share. his is referred to as <u>market-penetration pricing.</u>
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