๐ฃ๐ฒ๐ป๐ฒ๐๐ฟ๐ฎ๐๐ถ๐ผ๐ป ๐ฝ๐ฟ๐ถ๐ฐ๐ถ๐ป๐ด ๐งต
1)Jio began offering free data and voice services in 2016 with the Jio Welcome Offer and Happy New Year Offer.
2)They attracted a huge number of consumers and then began charging a fair price for their services.
3)Platforms like as Netflix offer a free trial of their services for a few days before charging clients a fee.
4)Many snack and beverage makers promote new goods at low costs to encourage customers to try them.
5)When a new product gets market share quickly due to its cheap initial price, this method is known as the Price Penetration strategy.
6)They boost pricing once they've built up a consumer base and there's enough demand for their products.
7)This strategy necessitates careful budgeting. A corporation may uncover new ways to increase cost efficiency and control business expenses with this strategy.
8)However, because of the free products, this technique may result in lower consumer loyalty.
When a company raises prices, customers can go to a competitor.
When a company raises prices, customers can go to a competitor.
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