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Each of the product will have a life cycle, although its exact shape and length is not known in advance. ExplainFOUR (4)steps in the Product

  1. Each of the product will have a life cycle, although its exact shape and length is not known in advance. ExplainFOUR (4)steps in the Product Life Cycle. (8 marks)
  2. Strategy for setting a product's price often depends on the individual product if it is new product pricing, product mix pricing, price adjustments, and reaction to price changes. Discuss anyFOUR (4)types of pricing strategies.(12 marks)

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