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Which of the following scenarios illustrates market-penetration pricing??

?Bakers and Eaters, a confectionery company, offers high-quality chocolates at affordable rates.

?Iratan, a manufacturer of smartphones, prices its latest models between $600 and $700. After a few months, it steadily reduces these prices.

?Aulaan, a newly established discount store, sells products at prices that are very low when compared to other stores.

?Ban World Hunger is a nonprofit organization that works to end world hunger. It relies on donations and government grants for financial support.

Operation Management, Management Studies

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