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What Was the Most Significant Result of Ferdinand Magellan's Explorations

question 52

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What was the most significant result of Ferdinand Magellan's explorations?


Definitions:

Penetration Pricing

A marketing strategy where the initial price of a product is set lower than the eventual market price to attract new customers and gain market share.

Reference Pricing

A type of psychological pricing in which a lower-priced item is compared to a more expensive brand in hopes that the consumer will use the higher price as a comparison price.

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