“Pricing Strategies” Respond to the following:[230 words] -Pick a health and beauty brand and item you use regularly; for example, shampoo, shaving cream, moisturizer, razor blades, etc. Imagine this brand is extending its reach to a new target audience with a new product. Identify this new target audience and then outline the beginnings of a pricing strategy for this new product, by offering specifics instead of generalities about the strategy. For example, do not merely say â€œI suggest a competitive price.â€ Instead say, â€œI suggest a high-volume, low-introductory price.â€ Provide a rationale for your strategy choice(s). -In todayâ€™s economic climate, retailers are continuously conducting sales in order to get customers in their doors. Analyze the short-term and long-term effects of continuous sales to all stakeholders.
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