Describe Each Pricing Orientation

Friday July 15, 2022

1. Describe each pricing orientation in a few of your own words.

2. Give an example of a price inelastic product and a price elastic product.

3. Give an ethical example of dynamic pricing and an unethical example of dynamic pricing.

4. What are the four different types of competitive environments?

5. What pricing strategies should be considered when introducing a new product?

6. Which common pricing practices are considered to be illegal or unethical?

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