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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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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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