Question: Question 41 Question 1 Noty Johnny will need to set a price for his new product. He has heard that there are four different approaches

Question 41 Question 1 Noty Johnny will need to set a price for his new product. He has heard that there are four different approaches he can take. List and explain the four different approaches. (8 Marks) out of 40 ea 30 P Flag PRICING APPROACH ( Mark Each) EXPLANATION (1 Mark Each) 10 19 28 on 42 Question 2 Name two demand-oriented pricing strategies that could Johnny use in this stage? Describe the objective behind these two strategies. (4 Marks) 40 eac red d out of DESCRIPTION (4 Marks Each) 10 STRATEGY (1 Mark Each) lon 19 28 37 Shd

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