Which pricing policy do you think would be best suited for a small business introducing a new line of clothing and accessories? Explain.

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07-03-2021
Business

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Which pricing policy do you think would be best suited for a small business introducing a new line of clothing and accessories? Explain.

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341778603 341778603 · Answer 1 · 2021-03-07T18:03:28-05:00

341778603 341778603

07-03-2021

Answer:

I think that a small business introducing a new line of clothing and accessories should use the penetration pricing policy. The penetration pricing policy prices their products very low to start out with to try and distract competitors from there competition and towards them.

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