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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Answer: A- Initiating structure
Explanation: Initiating structure is the magnitude to which a leader describes the leader and functions of a person belonging to an organization, initiates activities, systematically arrange the things the organization does or has done and describes the nature and how works are to be completed successfully. This method of leadership is usually concentrated on and devoted to completing certain tasks that partake in the success of a larger work.
<span>The next step in obtaining enactment of the rules after publication would be the opportunity for all interested parties to submit written comments.</span>
Answer:
$174.66 which is d on edge
Explanation:
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