Q.

Which one of the following is not a reason for adopting penetration price strategy

A. Product has high price elasticity in the initial stage.
B. The product is accepted by large number of customers.
C. Economies of large scale production available to firm
D. When the buyers are not able to compare the value and utility
Answer» D. When the buyers are not able to compare the value and utility
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Managerial Economics 1

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