Examlex
The U in the equation above represent?
Penetration Pricing
A pricing strategy where the price of a product is set lower than the competitors' to gain market share rapidly.
Price Skimming
Price Skimming is a pricing strategy where a higher initial price is set for a new or innovative product, gradually lowering the price over time as the market saturates or competition increases.
Psychological Pricing
Setting the price of a product in a way that will alter its perception by customers.
Market Share
Market Share is the portion of a market controlled by a particular company or product, often represented as a percentage of total sales in a specific industry over a given time frame.
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