Which of the following is a disadvantage of penetration pricing?1It establishes long–term price expectations for the product and image preconceptions for the brand and company. This makes it difficult to eventually raise prices.2It can backfire if there are close competitors and they also introduce same products at lower price then consumers will think that the company always sells the products at higher prices which will result in consumers abandoning other products of the company also.3It is not a viable option when there are strict legal and government regulations regarding consumer rights.4All of the aboveAnswer & explanation+Correct answer: option 1Option 2 and 3 are the disadvantages of Skimming Method.
