Question: Consider the following statements: Statement 1 : The razor - blade pricing strategy involves selling the initial product at a low cost ( or even

Consider the following statements:
Statement 1: The razor-blade pricing strategy involves selling the initial product at a low cost (or even a loss) and making profits from high-margin complementary products, as seen with razors and blades.
Statement 2: In the reverse razor-blade pricing strategy, the initial product is sold at a high price, and complementary products are offered at a lower price, encouraging long-term customer retention.
Only statement 1 is correct.
Only statement 2 is correct.
Both statements are correct.
Neither statement is correct.
Consider the following statements: Statement 1 :

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