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    3. Agriculture
    4. Agricultural Microbiology
    5. Setting a price below that of the competition is called

    Question

    Setting a price below that of the competition is

    called
    A Psychological pricing Correct Answer Incorrect Answer
    B Price skimming Correct Answer Incorrect Answer
    C Competitive pricing Correct Answer Incorrect Answer
    D Penetration pricing Correct Answer Incorrect Answer

    Solution

    Penetration pricing is strategy where the price of product is initially set low to rapidly reach a wide fraction of market.

    Practice Next
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    Relevant for Exams:

    • MSc Agriculture (Various States)

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