Q1. Economic conditions can have major impact on pricing decisions. The recent recession has caused consumers to rethink the price-value equation. Marketers have responded by increasing their emphasis on value-for-the money pricing strategies.
True / False
Q2. Give one example of Elucidate how the US economy or GLOBAL economy caused or is causing price fluctuation, also/or marketing strategy changes on a Product or Service. Describe Illustrate the company did.
Q3. Market-skimming pricing is set up specifically for old declining products also services. True / False