Question: 1.) Explain the six steps for pricing (determining objectives, estimating demand, determining cost/profit relationships, select price level, set list price, and make adjustments). 2.) Explain

1.) Explain the six steps for pricing (determining objectives, estimating demand, determining cost/profit relationships, select price level, set list price, and make adjustments).

2.) Explain the various pricing models: demand-oriented, cost-oriented, profit-oriented, and competition-oriented,

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