Examlex
What are some advantages and disadvantages to feeding cattle grains instead of grass?
Penetration Pricing
Setting a low initial price on a new product to appeal immediately to the mass market.
Price-sensitive Market
A market characterized by consumers who are highly responsive to changes in the price of goods and services.
Pricing Method
The approach or strategy adopted by a company to set the price of its products or services, taking into account costs, value to the customer, market demand, and competition.
Prestige Pricing
A pricing strategy where items are priced higher than their actual value to invoke a sense of exclusivity or luxury.
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