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Pricing Strategies And Price Elasticity

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Question: Discuss about the Pricing Strategies and Price Elasticity Of Minnesota Micromotors.     Answer: Pricing Strategy Concept: Pricing is a crucial factor influencing the sales of the commodity. Demand of the product is inversely related to the price. Hence, it becomes vital to understand and consider the pricing strategies while deciding the price. It takes into consideration the ability to pay, cost of inputs, market str...

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