Identify the advantage of penetration pr

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Target Exam

CUET

Subject

Entrepreneurship

Chapter

Entrepreneurial Opportunity

Question:

Identify the advantage of penetration pricing to the firm:

Options:

Simplest method to decide the price for a product

Helps in recovering the research and development costs

Promotes the entry for competitors

Result in fast diffusion and adoption

Correct Answer:

Result in fast diffusion and adoption

Explanation:

The correct answer is Option (4) → Result in fast diffusion and adoption