Solution
✅ Correct Option: 2
**Option 1: Penetration pricing** -> Setting a low initial price to quickly gain market share and attract customers, then gradually increasing prices over time. **Option 2: Competitive pricing** -> Setting prices based on what competitors are charging for similar products or services in the market. **Option 3: Premium pricing** -> Setting higher prices to position the product as high-quality, exclusive, or luxury, targeting customers willing to pay more. **Option 4: Skimming pricing** -> Setting high initial prices to maximize profits from early adopters, then gradually lowering prices to attract more price-sensitive customers. Hence, **Option 2: Competitive pricing** -> Neha analyzed and matched her prices with what competitors were charging in the market, ensuring her offering remained competitive while maintaining profitability -> **correct**