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Which of the four approaches to setting a price does Carmex use for its products? Should one approach be used exclusively? 2. What do you

Which of the four approaches to setting a price does Carmex use for its products? Should one approach be used exclusively? 2. What do you think is a reasonable mark-up for Carmex and its retailers? Why? 3. Conduct an online search of lip balm products and compare the price of a Carmex product with three similar products from competitors. How do you think competitors are setting their prices

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