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4 November, 17:53

A step out is a pricing practice in which a firm:

a. maintains a high price for a product throughout its life cycle.

b. offers an extremely low price on a single product purchase to reach the mass market quickly and capture a large market share.

c. markets a product at a low price compared to competitive offerings to secure market acceptance.

d. raises the price of a product and then waits to see if others follow suit.

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Answers (1)
  1. 4 November, 19:53
    0
    I would say the answer is D
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