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Q1: Discuss the two new product pricing strategies and the conditions that must be met for companies to successfully launch new products under each of

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Q1: Discuss the two new product pricing strategies and the conditions that must be met for companies to successfully launch new products under each of these strategies. Give example for each. (5 Marks) Q2: Explain why might the strategy for setting a product's price need to be changed when a product is part of a product mix? What are the five product mix pricing strategies? Provide an example for each

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