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Apple plans to release a new phone during the holiday season at AED 8000. The company intends to bring the price down to AED 4000
Apple plans to release a new phone during the holiday season at AED 8000. The company intends to bring the price down to AED 4000 within six months of its release to attract buyers who couldn't afford the initial price. Which of the following pricing strategies is Apple using?
a. market-penetration pricing
b. competitive pricing
c. cost-plus pricing
d. market-skimming pricing
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