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State three conditions that must be met for market-penetration pricing to work.

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1. The market must be highly price sensitive so that a low price produces more market growth.
2. Production and distribution costs must fall as sales volume increases.
3. The low price must help keep out the competition, and the penetration prices must maintain its low-price position—otherwise, the price advantage may be only temporary.

Lellah answered the question on November 8, 2021 at 04:54

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State three conditions that must be met for market-penetration pricing to work.

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