Pricing strategy Value vs Cost based pricing Q6

Q.
a) Elaborate on the pricing strategies for a new product during the introductory stage. (15 marks)

b) Explain the difference between value-based pricing and cost-based pricing. (10 marks)

(25 marks, 2019 Q6)

A.

a) Pricing strategy during product launch.

2016 Q5a

b) Value-based pricing and cost-based pricing

2013 Q6b

Ref:
Earlier posts.

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