Fill in the Blanks COST PLUS AND PENETRATION PRINCING (D)Online version THE SECOND P FROM MARKETING MIX by JUAN JOSE NARANJO SANCHEZ 1 Price having service customers refers to the money pay or give up for or using a good or . 2 unit average product cost mark adding average percentage plus number profit product Cost - pricing refers to a mark - up to the cost of producing a . The - up is a of the a firm wishes to gain for every that it sells . The cost is the cost per or the total divided by the of products produced . 3 gaining customers product penetration market Price for a with the aim of attracting a large number of quickly and a high share is known as pricing . 4 products markets new businesses using strategy existing firm marketing known increase share This could be used by either introducing a product to an market or entering new with existing . This is a used in mass . Then as a gains market , it can start to its price slowly . For example , IKEA is to have entered the Chinese market by this strategy .