peer review panels: committees made up of mana-
gement and labor representatives who listen to worker
grievances and rule on them.
penetration pricing: pricing a product low enough to
achieve market penetration.
penetration strategy: selling more of a company's
products into a market segment, shown as a percentage of the
total market, by aggressive pricing and advertising.
per capita real GNP: GNP adjusted for changes in
average prices and divided by the population; a figure showing
the amount of real goods and services per person produced in
the nation in a given year.
