Question: 1. Why is Pricing Strategy important? (Paragraph form) 2. In pricing strategy, there are two generic strategies, one is Cost leadership and the other is

1. Why is Pricing Strategy important? (Paragraph form) 2. In pricing strategy, there are two generic strategies, one is Cost leadership and the other is Product Differentiation. What are Cost leadership and Product Differentiation? (Paragraph form) 3. Provide an approximate of each of Cost leadership and Product Differentiation? (Paragraph form) 4. which one do you think better if you have a bussiness, cost leadership or product differentiation? and why? (Paragraph form)

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