33- Which of the following is true about penetration pricing strategy?  Group of answer choices penetration pricing aims to grow sales and increase market share it is appropriate for newly introduced products that are unique penetration pricing aims to build reputation as a high quality product penetration pricing is mainly used for products that are in the decline phase of the product life cycle

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Customary Pricing

There are various types of pricing strategies followed in the market. They are psychological pricing, odd pricing, free onboard pricing, customary pricing, prestige pricing, dual pricing, ruling pricing, negotiated pricing, mark up pricing, etc. each one can be explained as follows: 

Multiple Unit Pricing

“Multiple-unit pricing is a practice where a company offers consumers a lower than unit price if a specified number of units are purchased.”