Advertisements
Advertisements
Question
Discuss the cons of Penetrating Pricing Policy.
Answer in Brief
Solution
- 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.
shaalaa.com
Price - Pricing Strategies
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
Which pricing strategy involves charging according to their competitors?
It is also known as 'going rate pricing' or competition based pricing.
The strategy of introducing new product in existing market is classified as ______.
Markup pricing is also called as ______.
Introducing a product at low price and increasing the price once the brand succeeds is known as ______ pricing.
______ is the most common method used for pricing.
Setting a price below than that of the competition is called ______.
Factors which do not influence price determination is ______.
What is Cost plus pricing policy?
Discuss the pros of Penetrating Pricing Policy.
