Question: Pricing Exercises: Answer the following in WORD document (one file only) and submit in the Blackboard. DO NOT COPY THE QUESTIONS on your SUBMISSION. Question

Pricing Exercises: Answer the following in WORD document (one file only) and submit in the Blackboard. DO NOT COPY THE QUESTIONS on your SUBMISSION. Question 1. (maximum: 100 words only) Top-Flight is a manufacturer of golf balls which are dessibed as "perfectly good, inexpensive and suitable for average players. Top-Flite introduced its "Strata' golf balls with a new dimple design and more solid core for better flight with metal clubs. The price of this golf balls were three times that of regular balls. The Sports shops could not keep them in stock. What is the pricing strategy implemented by Top-Flite, and why do you think the company choose this strategy? Question 2. (maximum 100 words only) Sephora has introduced a new eyeshadow pallette by Huda Beauty called Naughty Nude Eye Shadow and priced it at 199 Aed (Actual price is 278 Aed) for the month of November 2020 only. Explain the concept of trial pricing. Why would a retailer implement this pricing strategy? Question 3. (maximum 100 words only) Virgin Mobile, Etisalat and DU are cellular phone service providers typically offering customers a set number of minutes for a monthly fee plus a per-minute rate for extra phone usage. What is the pricing strategy being implemented by these cellular phone service providers? Do you think this is fair for consumers? Why or why not

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