ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Planning purchases may include ____
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Buying items at a low price and selling them for a profit.
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Doing nothing
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Buying items for a high price and selling them for a loss
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Buying the wrong stuff
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Explanation:
Detailed explanation-1: -Penetration pricing is a marketing strategy used by businesses to attract customers to a new product or service by offering a lower price during its initial offering. The lower price helps a new product or service penetrate the market and attract customers away from competitors.
Detailed explanation-2: -Penetration pricing. Set a low price to enter a competitive market and raise it later.
Detailed explanation-3: -Penetration pricing is a marketing strategy that involves setting a low initial price for a new product or service to quickly gain market share, attract customers, and establish brand presence.
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