Question
What is penetration pricing?
A.
Having to slowly lower prices until the point is reached where a company is forced to shut down due to lack of profit
B.
Refusing to lower prices, which leads to a company not being able to penetrate into the market
C.
Raising prices to the highest possible point where a company can still earn a profit
D.
Setting prices low in an attempt to gain increased market share
A.
Having to slowly lower prices until the point is reached where a company is forced to shut down due to lack of profit
B.
Refusing to lower prices, which leads to a company not being able to penetrate into the market
C.
Raising prices to the highest possible point where a company can still earn a profit
D.
Setting prices low in an attempt to gain increased market share
Answers
GPT 3.5
D.
Setting prices low in an attempt to gain increased market share
Setting prices low in an attempt to gain increased market share