Q581
For the success of the penetration price policy, which one of the following is not desirable?
A.
Short-run demand for the product to have elasticity greater than unity
B.
Availability of economies of large scale production
C.
Easy acceptance and adoption of the product by the consumers
D.
Product to have very low cross-elasticity of demand
AnswerAnswer: Option D
Solution
Answer: Option D
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