Examlex
Graph the function. State the domain and range of the function.
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Prestige Pricing
Psychological pricing strategy used with goods whose quality is difficult to determine by inspection or for products about which consumers have little solid information.
Price Skimming
Setting the price of a new product higher than expected to recover development costs.
Penetration Pricing
Setting the price of a new product lower than expected to gain fast market share.
Development Costs
Development costs are expenses associated with the creation and design of new products or services, including research and development.
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