Get the answers you need at Westonci.ca, where our expert community is dedicated to providing you with accurate information. Ask your questions and receive detailed answers from professionals with extensive experience in various fields. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.
Sagot :
Carmex is utilizing a penetration pricing strategy with its lip balm products.
The correct option is B
What is penetration pricing ?
A pricing approach known as penetration pricing involves initially setting a product's price low in order to quickly reach a large portion of the market and spur word-of-mouth marketing. The marketing plan is that because of the cheaper price, consumers will migrate to the new brand.
What is penetration pricing give an example?
One month of free internet service has been offered by a brand-new telecommunications provider to users. Since the telecommunications business offered its internet services for free for the first month in order to enter the market, this is an example of penetration pricing.
To know more about penetration pricing visit:
brainly.com/question/6685964
#SPJ4
I understand that the question you are looking for is:
Most new Carmex products are priced between $0.99 and $2.99, well within reach of the price sensitive mass consumer market. Carmex is utilizing a _________ strategy with its lip balm products.
A) skimming pricing
B) penetration pricing
C) prestige pricing
D) price lining
Thank you for trusting us with your questions. We're here to help you find accurate answers quickly and efficiently. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.
