1. Using the graphic above, describe three (3) different pricing strategies that the Royal Ontario Museum uses. For each pricing strategy, explain what it means in general terms and show how it applies at this museum. (10 points) 2. Like many museums, the Royal Ontario Museum has a gift shop. What type of product-mix pricing strategy is used when museums sell memorabilia or other items in their gift shop? Explain. (5 points) 3. Of the three main pricing strategies (Customer Value, Cost, Competition), which one do you think applies most to a museum? Defend your reasoning. (5 points) 1. Using the graphic above, describe three (3) different pricing strategies that the Royal Ontario Museum uses. For each pricing strategy, explain what it means in general terms and show how it applies at this museum. (10 points) 2. Like many museums, the Royal Ontario Museum has a gift shop. What type of product-mix pricing strategy is used when museums sell memorabilia or other items in their gift shop? Explain. (5 points) 3. Of the three main pricing strategies (Customer Value, Cost, Competition), which one do you think applies most to a museum? Defend your reasoning. (5 points)