Question: This is the first question of the same test i had last week. Question 2 Name two demand-oriented pricing strategies that could Johnny use in

This is the first question of the same test i had

This is the first question of the same test i had last week.

Question 2 Name two demand-oriented pricing strategies that could Johnny use in this stage? Describe the objective behind these two strategies. (4 Marks) STRATEGY (1 Mark Each) DESCRIPTION (4 Marks Each) Question 1 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) PRICING APPROACH (1 Mark Each) EXPLANATION (1 Mark Each)

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