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a)Explain the four general pricing approaches introduced in the course. (4marks) b)Choose one pricing approach anddescribe two associated pricing strategies. (4marks) c) A higher priced

a)Explain thefourgeneral pricing approaches introduced in the course. (4marks)

b)Chooseonepricing approach anddescribetwoassociated pricing strategies. (4marks)

c)"A higher priced product always providesmore value than a lower priced product".Is this statement true? Briefly explain why, or why not. (2 marks)

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