entrepreneurship pricing strategies

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Last updated 5:14 PM on 11/4/25
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4 Terms

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penetration pricing

Setting a low initial price to attract customers and gain market share quickly

2
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Price skimming

Setting a high initial price the lowering it over time as demand decreases

3
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Prestige pricing

setting a high price to signal quality or luxury

4
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competitive pricing

setting prices based on competitors prices

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