Question: Why is finding and implementing the right pricing strategy critical to a companys success? Name and describe the two types of value-based pricing methods. Explain

Why is finding and implementing the right pricing strategy critical to a companys success? Name and describe the two types of value-based pricing methods. Explain the price-demand relationship. What factors must sellers consider when setting prices in different types of markets? Name and describe the two broad new-product pricing strategies. When would each be appropriate?

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