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A. Psychological pricing B. Discount pricing C. Penetration pricing D. Premium pricing E. Price skimming F. Other
C. Penetration Pricing
C is the correct answer
PENETRATION PRICING
Option C - Penetration Pricing where the compnay is launching the new product with low price than the competitive prices..
Objective is definitely prenetration as its a new product. I will vote for psychological pricing.
The answer is C. Penetration pricing
I think this is an example of C. Penetration pricing . You give special offers only when you are trying to penetrate a new market whererthere are existing players.
Very tricky question, I would like to say its a
A. Psychological pricing
as we all know all the products introduced in the market have profit level to what it should be and the other side we see, products keeps increase the price from time to time.
Its a mental game of marketing to make see consumers a extra ordinary benefits or cheaper price, but it just a infactuation only.
This is what I have learnt in practical.
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