How does a particular product life cycle affect this price

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Questions: Factors influencing pricing strategy over a product's life cycle leading to a sustainable and profitable price for that product

Describe the price setting process, in the context of pricing strategy, inclusive of the balance among costs, end user or customer value and competition.
How does a particular product's life cycle affect this price setting process?
Briefly explain one topic or issue from this week's material that may benefit you personally or professionally. Please include some general examples.

Reference no: EM133388627

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