Question
In penetration pricing, the initial price of the product is set Blank______.
Multiple choice question.
equal to what similar products are priced
high, to appeal to those who most desire the product
with a standard markup to recoup costs
low, to appeal to the mass market
Multiple choice question.
equal to what similar products are priced
high, to appeal to those who most desire the product
with a standard markup to recoup costs
low, to appeal to the mass market
Answers
GPT-4o mini
In penetration pricing, the initial price of the product is set **low, to appeal to the mass market**.