Please answer questions in simple form, i do not want complicated answers. Answers must be easy to understand.

Creating and pricing products that satisfy customers. (CO 12-1, 12-2, 12-3) Write and Answer each question below in at least 3 to 5 sentences. 1. Identify a product and describe its life cycle stage. 2. Identify product extensions and describe how they would be improved by branding, packaging, and labeling. 3. Describe the three pricing methods. 4. Describe the four pricing strategies. Instructions - Type your response in a Word document. - Compose all sentences using proper structure, grammar, capitalization, and spelling