Which of the following methods of pricin

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Target Exam

CUET

Subject

Entrepreneurship

Chapter

Enterprise marketing

Question:

Which of the following methods of pricing discourages the entry of competitors?

Options:

Skimming

Variable price Method

Cost Plus

Penetration Pricing

Correct Answer:

Penetration Pricing

Explanation:

Penetration pricing discourages the entry of competitors. Low prices act as a barrier to entry.