ENTREPRENEURSHIP

Detailed explanation-1: -A loss leader strategy involves selling a product or service at a price that is not profitable but is sold to attract new customers or to sell additional products and services to those customers. Loss leading is a common practice when a business first enters a market.

Detailed explanation-2: -Walmart is the perfect example of a loss leader company. They are known for their low prices on everything from groceries to electronics, most of which are sold below cost. By offering products at a lower price than their competitors, Walmart attracts more customers and increases revenue from other products.

Detailed explanation-3: -Some examples of typical loss leaders include milk, eggs, rice, and other inexpensive items that grocers would not want to sell without the customer making other purchases.