For what types of products might marketers use market-penetration pricing? Provide an example. 7) For what...

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7) For what types of products might marketers use market-penetration pricing? Provide an example.

For what types of products might marketers use market-penetration pricing?
Provide an example.

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Answer 1

Answer #1

Penetration pricing is used by producers when they launch a new product such that they offer a lower price of new product to mark their presence against their competitors in market.

Recently online video streaming companies are using penetration pricing to attract customers because once a consumer is addicted to some online platform, they will rarely leave it

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