Discuss each of the pricing strategies below. What conditions are necessary to make each strategy successful...

Discuss each of the pricing strategies below. What conditions are necessary to make each strategy successful in terms of increasing profits? Explain your answer.

A local restaurant/bar offers discounted drinks during “happy hour,” from 5 to 6 PM on weeknights.
The price Company X charges for its ink cartridges is nearly as much as it charges for a printer.
Packs of 5 T-shirts cost $10 while an individual T-shirt costs $4.
Computer and appliance manufacturers promote service contracts.
Microsoft Office includes several programs in one package.

Expert Solution

Rahul Sunny answered 2 years ago

what are the keys to a successful pricing strategy for a new product?

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