A penetration pricing policy is most likely to be effective when customers are hungry for a product or service and there are few competitors in the market. Penetration pricing can also work as a strategy to get new products into stores that might not otherwise have had them because of their higher price point. Number of words: 113 Number of sentences: 13

a penetration pricing policy

Bullet point content:N/A The best time to use a penetration pricing policy is when customers are hungry for a product or service and there are few competitors in the market. Penetration pricing can also work as a strategy to get new products into stores that might not otherwise have had them because of their higher price point. This kind of marketing tactic will be most successful if you offer an introductory, limited-time promotion that includes steep discounts or other incentives like free shipping. You may even want to bundle your services with complementary ones at no additional cost just to entice customers who would still consider buying from one of your more direct competitors instead. However, it’s important not to oversell this

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