Question: 6. a) How do you classify goods? Mention examples for each. b) Explain the product life cycle. How can you extend the life cycle at

6. a) How do you classify goods? Mention examples

6. a) How do you classify goods? Mention examples for each. b) Explain the product life cycle. How can you extend the life cycle at the decline stage of a product. c) What's the procedure for setting the basic price? What are the possible pricing objectives? d) What are the types of promotion methods available? Explain each brief

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