Answer:Penetration pricing is suitable for products with Long anticipated lifecycle
Explanation:
Penetration pricing is done at the introductory life cycle of the product. Penetration pricing is suitable only if the product is expected to have a long product lifecycle. When the price of the product is set at lower rates then it would result in high volumes of sales.
This pricing is suitable for attaining economies of scale. This is useful to launch new product in the market. This pricing prevails in the market for a short period to gain the market share.
