The Basic Objective of a Penetration Pricing Policy Is To

question 33

Multiple Choice

The basic objective of a penetration pricing policy is to:

• A)recover start-up costs as quickly as possible.
• B)transform the small firm into a discount outlet.
• C)gain quick access into a market to realize high sales volume quickly.
• D)discourage competition and gradually become a high volume producer.

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Definitions:

Remains Liable

Continues to be legally responsible or obligated.

Debt

An amount of money that is owed or due to be paid, typically as a result of borrowing or a financial agreement.

Minutes

The official written records of the discussions and decisions made during formal meetings.

Board Of Directors

The Board of Directors is a group of individuals elected to represent shareholders and oversee the management and major decisions of a corporation.