Which of the following conditions is most likely essential for implementing a successful market-penetration pricing strategy for a product? Production costs rise with an increase in marketing efforts.

Which of the following conditions is most likely essential for implementing a successful market-penetration pricing strategy for a product?

Production costs rise with an increase in marketing efforts.
The product's quality supports its high price.
Alternative products can enter the market easily.
The market for the product is highly price sensitive.
Prices increase incrementally as sales volume increases.

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Which of the following conditions is most likely essential for implementing a successful market-penetration pricing strategy for a product? Production costs rise with an increas…

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