Question

    JIO entered Indian market place with "Unlimited Calling, Text, internet" for free for first three months. This pricing strategy is referred to as:

    A penetration pricing Correct Answer Incorrect Answer
    B cost-plus pricing Correct Answer Incorrect Answer
    C ROI pricing Correct Answer Incorrect Answer
    D market-oriented pricing Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Setting a low initial price on a new product to appeal immediately to the mass market is known as penetration pricing.

    Practice Next