Which of the following is true of penetration pricing?

Question $6$ options:

A$)$

Penetration pricing is best used when there are no competitors in the market and entry is difficult.

B$)$

Penetration pricing is a variation of a premium pricing strategy.

C$)$

Penetration pricing is most effective when potential customers are quality$-$sensitive rather than price$-$sensitive$.$

D$)$

Penetration pricing is a mass$-$market strategy rather than a niche strategy.

E$)$

Penetration pricing is used in a market where product differentiation is high.