MAKE 5 BULLET POINTS ON EACH QUESTION USING THE FORMAT BELOW:

1. MINIMUM 20 WORDS PER LINE

2. MINIMUM 20 WORDS PER LINE

3. MINIMUM 20 WORDS PER LINE

4. MINIMUM 20 WORDS PER LINE

5. MINIMUM 20 WORDS PER LINE

MINIMUM 100 WORDS PER QUESTION FOR YOUR ANSWER

Q5. WHAT IS CUSTOMER-VALUE-BASED PRICING? WHAT IS COST-BASED PRICING?WHAT IS COMPETITION-BASED PRICING?

Q6. WHAT IS YOUR UNDERSTANDING OF DIFFERENT STRATEGIES FOR PRICING? WHAT IS THE RELATIONSHIP BETWEEN DEMAND, SUPPLY AND PRICE?

Q7. HOW DO MARKETING MANAGERS DETERMINE THE PRICE OF A GOOD OR A SERVICE?HOW DOES A BRAND ADD VALUE TO A PRODUCT OR A SERVICE? WHAT IS PSYCHOLOGICAL PRICING?

Q8. WHAT ARE PRICE ADJUSTMENT STRATEGIES? WHAT IS GEOGRAPHICAL PRICING? WHY DOES A ROLEX IN INDIA COST DIFFERENT FROM A ROLEX BOUGHT IN CANADA?