Question: 8. The demand-oriented approach to product pricing includes the tactics of, penetration pricing, price skimming, and bundle-pricing. Please briefly explain each concept and provide an

8. The demand-oriented approach to product pricing includes the tactics of, penetration pricing, price skimming, and bundle-pricing. Please briefly explain each concept and provide an example of how each strategy might be used to sell a product. (max. 200 words 10 marks)

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