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Illustrate the term Image Pricing?
Image Pricing:
It is a variant of premium pricing as the objective is the similar to signal quality to uninformed buyers and utilize the profit made onto the higher priced vision to subsidize the price upon the lower priced version. The dissimilarity is that there is no actual difference in between products and brand. This is only an image or perceptual positioning. It is common practice in markets as customer snacies that emotional or social values or a brand is significant for the consumers.
detail note on pricing strategies of any product
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Assume that you are James Peterson and you have just hired a new management team composed of highly qualified executives from outside companies.
explain the various approaches that are followed by fmcg companies in test marketing
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ingredient branding in the market place
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