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You are planning to lunch an innovative and unique product in the market in the upcoming year. You are brainstorming on the pricing aspect of
You are planning to lunch an innovative and unique product in the market in the upcoming year. You are brainstorming on the pricing aspect of the product with your team. Your team decided that lets charge the maximum price in the initial stage of the product and then lower down the costs gradually. Discuss about which pricing strategy your team planned to adopt here and what advantages your team would have been observed here in order to employ this specific strategy
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