1) Grand Styles Furniture Store sells very fashionable furniture from high-end (prestigious) designers. This furniture is priced much higher than other furniture sold in the market. Is the Grand Styles Furniture Store using Value-Added Pricing? Please explain your answer using no more than 2 bullet points. 1 mark for the correct explanation. 2) Fancy Fashions finds itself overstocked in winter boots at the end of the winter season. To clear out its remaining inventory of winter boots, Fancy Fashions sells the boots at 50% off, which results in prices which are less than what Fancy Fashions paid for the winter boots. Is Fancy Fashions guilty of Predatory Pricing? Please use no more than 2 bullet points for your answer. 1 mark 3) What is the main (most important) way that Cost-Based Pricing is different from Competition-Based Pricing? Please use no more than 2 bullet points for your answer. 1 mark 4) Would the cost of new coffee shop shelving purchased by Starbucks be a Fixed Cost or a Variable Cost? Please use no more than 2 bullet points for your answer. 1 mark