What Is the Best Definition of a Penetrating Price Strategy

question 4

Multiple Choice

What is the best definition of a penetrating price strategy?

• A) Sets prices low to take advantage of customers being sensitive to prices
• B) Sets prices low to take advantage of customers being insensitive to prices
• C) Sets prices high to take advantage of inelastic prices
• D) Sets prices high to take advantage of brand loyalty

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Definitions:

Trait

A characteristic, typically one describing an aspect of a person's personality or genetics.

Behavior

The actions, reactions, or conduct of an individual, often in response to the environment or stimuli.

Levels of Management

Denotes the hierarchy within an organization that differentiates managerial positions according to authority and responsibility.

Types of Organizations

Categories or classifications of organizations based on their purposes, structures, and nature of work, such as non-profit, corporate, governmental, etc.