In Gass, 10-25 Minvtes for Teams You have beenasked to give a presentation on the product life cydeto a small group of students who are interning at yourfirm this summer. Describe each of the stages of theproduct life cycle-introduction, growth, maturity. anddecline-and give examples of products in the variousstages. lndude examples of products that are in transition stages as well as examples of some product failuresand some products that have been discontinued
Customary Pricing
There are various types of pricing strategies followed in the market. They are psychological pricing, odd pricing, free onboard pricing, customary pricing, prestige pricing, dual pricing, ruling pricing, negotiated pricing, mark up pricing, etc. each one can be explained as follows:
Multiple Unit Pricing
“Multiple-unit pricing is a practice where a company offers consumers a lower than unit price if a specified number of units are purchased.”
In Gass, 10-25 Minvtes for Teams You have been
asked to give a presentation on the product life cyde
to a small group of students who are interning at your
firm this summer. Describe each of the stages of the
product life cycle-introduction, growth, maturity. and
decline-and give examples of products in the various
stages. lndude examples of products that are in transition stages as well as examples of some product failures
and some products that have been discontinued
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