In a bid to attract more customers in a market that has several competitors, barrymore's bakery slashed the prices of all its products by 50 percent. managers at the firm reasoned that lower prices would draw in even more customers, making up for the reduction in price several times over. which of the following pricing strategies are they using?
a. market-skimming pricing
b. market-penetration pricing
c. captive-product pricing
d. cash discount pricing
e. by-product pricing

Market-penetration pricing

Explanation:

Market-penetration pricing is a type of price setting method where a sales company reduces the prices of it's products to attract customers to it's products.

Barrymore's Bakery is applying penetration pricing method by introducing a 50% discount on all of it's products to draw customers to its products in a market filled with so many competitors.

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o