Assertion: penetration's product | /r/HasProperty | new
Facets:
value: relatively
type: DEGREE
Source sentences:
text: The product which is improved and new, always attract customers and trendsetters who do not hesitate to buy and try the new product.
text: This is a pricing strategy often used by brands for a product that has high competition or is a relatively new idea.
text: The biggest disadvantage of penetration pricing is that company is sacrificing the profit in initial phase when product is new and there is enthusiasm and demand from customers for the product.
text: We all know that when product is new all customers want to have that product and that is time when company can extract maximum profit, but as the product goes old enthusiasm of customers also gets dwindled and in that case company cannot increase the price which is the case in penetration pricing because in this strategy price are initially set low and then increased at later stage.
text: Penetrations develop new products to attract new customers