Question: Explain and compare common pricing strategies. Which strategy do you believe is most effective for a new product entering a competitive market, and why? Provide

Explain and compare common pricing strategies.
Which strategy do you believe is most effective for a new product entering a competitive market, and why?
Provide real-world examples of products that have successfully employed these strategies.
Share at least one photo of a pricing strategy you saw in a store, online, or on a product.

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