ENTREPRENEURIAL MARKETING
PRICING STRATEGIES
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Fill in the blank:With pricing a ____ can try to take business away from its competition, which would increase its market share.
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Market
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Company
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Store
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Consumer
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Explanation:
Detailed explanation-1: -Key Takeaways. Competitive pricing is the process of selecting strategic price points to best take advantage of a product or service based market relative to competition.
Detailed explanation-2: -Innovation. Innovation is an excellent method of increasing market share. Lowering prices. A company can also expand its market share by lowering its prices. Strengthening customer relationships. Advertising. Increased quality. Acquisition.
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