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LSDefine

Simple English definitions for legal terms

penetration pricing

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A quick definition of penetration pricing:

Penetration pricing is when a company sells a new product at a lower price than what they think people will eventually pay for it. This is done to get into the market quickly, make it harder for competitors to enter, and make back the money they spent on creating the product.

A more thorough explanation:

Penetration pricing is a strategy used by companies to introduce a new product into the market. It involves setting the price of the product lower than the expected market price to attract customers and gain market share. The goal is to discourage competition and recover the initial investment.

Example 1: A new smartphone is introduced into the market at a price lower than its competitors. The company hopes to attract customers who are looking for a good deal and gain market share. As the product gains popularity, the company may gradually increase the price to match the market price.

Example 2: A new restaurant opens in a busy area and offers a limited-time discount on their menu items. The goal is to attract customers and encourage them to try the food. Once the restaurant gains a loyal customer base, they may increase the prices to match the competition.

These examples illustrate how companies use penetration pricing to gain a foothold in the market and attract customers. By offering a lower price, they can encourage customers to try their product and gain market share. Once they have established themselves, they can gradually increase the price to match the competition and recover their initial investment.

penetration | penitentiary misdemeanor

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lilypadfrog
12:53
@atwatodbit: yayyyy 我的中文朋友
choosingpeace
12:53
@muvanji: Im sorry i have no ideaa
atwatodbit
12:54
someone posted an a on reddit 5 minutes ago so i think they're still calling
GreyCeaselessMammoth
12:54
nneed to know his softs https://www.lsd.law/users/creep/MaybeTooHopeful
atwatodbit
12:54
I got my call about 15 minutes ago
atwatodbit
12:54
@lilypadfrog: 謝謝,每次我上這個網站你有新的名字
Trismegistus
12:54
dude these lsats on lsd are fucking fried what the hell man
lilypadfrog
12:55
@atwatodbit: 哈哈哈我只是个傻女孩
cumsock
12:55
me in this cycle
12:56
UPenn pull thru 🙏
12:56
I think they’re done tho
atwatodbit
12:56
people are still posting, i think they are still going
atwatodbit
12:56
reddit post in last minute saying just got the call
Trismegistus
12:56
damn went from HLS II last cycle to this
atwatodbit
12:56
@sadpadresfan: FWIW your stats are far better than mine
GreyCeaselessMammoth
12:56
need penn to drop ed 2 so all the people bound by that withdraw from schools that i want to go to
lilypadfrog
12:57
我没有决定
atwatodbit
12:57
加油,等一會人一定會開始收好新聞
12:57
@atwatodbit: haha I feel like this cycle its not rlly all ab stats tho
atwatodbit
12:59
@sadpadresfan: for sure, but you're certainly as strong as me though. Hold on whether its later today or weeks from now. Plus you got da berk A, I am jealous
lilypadfrog
12:59
每个人都说“你的考试成绩这么好,你会得到很好的决定”,但我没有!
texaslawhopefully
12:59
oof I think I'm going to miss the penn wave
texaslawhopefully
12:59
are they still calling
Trismegistus
12:59
hey tex me too lmfao
choosingpeace
12:59
@texaslawhopefully: me too yayyy
lilypadfrog
12:59
we did it reddit
13:00
@atwatodbit: haha ty wishing you the best as well
cumsock
13:00
careful! i graduated from reddit university
13:00
@texaslawhopefully: another day another missed wave??
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