MGT211
GDB 1
Solution
Spring 2022
Total Marks 05
LAST DATE 24-08-2022
ANSWER
According to the given
scenario the pricing of new product is differ from the existing product pricing
because when a new product is launched it comes with new feature due to which
is production cost also increase sometime the price of the product goes above our value when we
make a new product the labor for it will also be different. As compared to existing product, Existing
product will have old labor
which will be less in term of pricing. Compared to the existing product the price of new product is higher because different
selling strategy is used in it. Quality control is also seen along with new feature in the new product. In
this case the pricing
of new product is also different there are various form of pricing to determine
the new Product
1. Pricing skimming
2. Fixed Pricing
3. Dynamic Pricing
4. Penetrating Pricing
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