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In the 1930s, the De Beers marketing campaign suggested that men should spend a single month's salary on an engagement ring. In the 1980s,
In the 1930s, the De Beers marketing campaign suggested that men should spend a single month's salary on an engagement ring. In the 1980s, it became two months. What was De Beers trying to do? Create value perceptions Set a price to break even on the costs of selling diamond rings Market penetration pricing O Determine prices based on competitors' prices
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