Time le Please complete the following short answer questions using the context described below: There are several energy drinks on the market such as Red Bull and Jolt. Having a sharp marketing min Johnny Rocket, developed a drink he named the "Slow Down." This drink is aimed at a niche market. Pe who are hyper and have difficulty relaxing. The drink is filled with ingredients all known for their calmin effects. According to Johnny the product is designed to improve concentration, memory, and learning without causing sleepiness. He's provided a guarantee that it will work or a customer will get their mon Johnny has engaged your firm to work on his behalf to market this new product. age Time left 1:28:49 estion 41 Question 1 yet swered 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) rked out of Flag estion PRICING APPROACH (1 Mark Each) EXPLANATION (1 Mark Each) 1 B