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ChatGPT is now available in India at ₹399/- !! Here's Why? ⚡Pricing Strategy used- Market Penetration 🤔 What is Market Penetration? It is a strategy which is used by companies to quickly penetrate into the Price Sensitive market, by lowering the price initially and gradually increasing the price later, once the customer gets habitual to your product or service. ✨Real world Examples: Jio Telecom- Initially lowered the price to penetrate the market and now their plan prices are too high (as compared to the company's initial stage) What do you think will it help ChatGPT to gain customers/subscriptions?? Answer your opinions in the comments!!
CHAIRMAN - BITEX IND... • 1y
Strategy For Startup Growth —} ( 4 ) Market Penetration Strategy Market Penetration Strategy is the one of the most successful strategy for increasing market share . This strategy was used by many brands when their market share Stop increasing
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Tesla has finalized its first Indian showroom in Mumbai’s Bandra Kurla Complex, spanning 4,000 sq ft, with a rental rate of ₹900/sq ft. A second showroom is planned for Delhi, and Tesla is considering importing cars from Berlin for the Indian market.
See MorePrev- Founder & CEO ... • 1y
Mukesh Ambani's Jio isn't streaming IPL for free, Infact Jio made more than 3,300 crores in revenue. Jio used a famous business strategy called as loss leader strategy Loss leader strategy is where a product is sold at a low price or for no pric
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Commonly used Jargons 1)Bull Market:-If you expect the stock prices to go up,you are bullish on the stock price. 2)Bear Market:-If you expect the stock prices to go down,you are bearish on the stock price. 3)Trend:-The term ‘trend’ usually refers
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