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प्रश्न
Discuss the cons of Penetrating Pricing Policy.
संक्षेप में उत्तर
उत्तर
- Price Wars: Pricing strategies can trigger price wars, which can negatively impact the profitability of the entire industry.
- Short-term gains: The advantages of this approach may be short-lived if not supported by long-term strategies for customer retention and product differentiation.
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Price - Pricing Strategies
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संबंधित प्रश्न
Which pricing strategy involves charging according to their competitors?
Selling price = Total cost per unit + Desired profit per unit is the formula to fix prices under which Pricing Strategy?
Factors which do not influence price determination is ______.
The main aim of penetrating pricing is to ______.
Which pricing strategy will be used to launch a high end auto motors?
"Competition based pricing is ideal for non-branded products." Comment.
What is penetrating pricing?
| Evergreen Cosmetics is planning to launch a new range of 'anti-wrinkle creams' in the Indian market. They conducted a market survey and found potential competition from Remain Young. Since they are targeting the higher strata of society, the cream is being priced much higher than their competitors. They plan to use the television as a media to advertise this anti-wrinkle cream as opposed to print media which is largely used by them for their other products. Officials at Evergreen Cosmetics feel that with the correct style of promotion, they could easily be successful in the market. |
- Identify and explain the pricing strategy that is being used by Evergreen Cosmetics.
- Describe any two qualities that a salesman selling this product should possess.
- Explain any two tools of sales promotion that can be used here.
What pricing strategy will be used to launch shampoo?
Discuss the pros of Penetrating Pricing Policy.
