Question: Question#3: Developing new products is not enough to succeed in the real market. Price plays a very important and significant role to achieve market desired

Question#3: Developing new products is not enough to succeed in the real market. Price plays a very important and significant role to achieve market desired goals. For this, there are some level of prices which must be considered by the business before setting the prices. What are those level of prices and what should be the criterias of it? [Marks 10]

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