shresthasamriddhi542
shresthasamriddhi542 shresthasamriddhi542
  • 02-12-2020
  • Business
contestada

what do you mean by pricing. In what situation price is reduced​

Respuesta :

Jstanfer58 Jstanfer58
  • 02-12-2020

Answer:

Explanation

Meaning that as they lower their prices, the cost per unit is lowered and therefore their profits remain the same. If the business is breaking into a new market, starting off with a very low market share, and have the financial backing and resources to offer a lower price than competitors.

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