4. Discuss some of the challenges marketers face with pricing new products.

Question

Question

Answer 1

Answer #1

There are challenges that marketers face while making pricing new products.Such as :-

- How to adjust pricing because of the perception of the customer they think that higher the price superior the quality.

- Pricing should be balanced so that the product can be purchased by everyone.

- How to generate profit by higher margin or by lower margin.

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Answer 2

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