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.