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1.Explain common reasons for the failure of new products. What must be the goals for a company to create successful new products? 2. Define price.

1.Explain common reasons for the failure of new products. What must be the goals for a company to create successful new products?

2. Define price. Discuss its importance.

3. Differentiate between market-skimming and market-penetration pricing strategies. Explain the conditions within which they are effective.

please don't use AI

Will upvote. Thank you.

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