Question

10. Forward pricing refers to pricing products based on the expected product costs during the which stage of
the product life cycle?​

Answer 1

Answer:

startup

maturity

growth

decline

Answer 2

Answer:

In a method known as "product life cycle pricing," the price of a product is correlated with where in its life cycle it is. The life cycle is divided into four stages: initiation, development, maturation, and decline.

Explanation:

What is Benefits of life cycle pricing?

Life cycle pricing for new products has the following advantages:

• Marketing teams can more effectively price and sell products to get the highest possible sales by understanding life cycle pricing, which will improve their marketing tactics.
• Enhanced customer loyalty: Companies can boost customer loyalty by providing sales or discounts at the ideal point in a product's life cycle.
• Earnings rise: By accurately anticipating when and how much customers will pay for their items, firms are able to set prices for products at each stage of their lives, boosting overall profits.
• Consumers may depend on organisations that use life cycle pricing for discounts and sales because they perceive these companies to be trustworthy and reliable when it comes to pricing.
• Reliable sales forecasting: Knowing how consumers feel about your product at each stage of the life cycle will help you determine what the sales estimates would be.
• Better decision-making: Companies can utilise life cycle pricing to support their decisions about changing, ceasing, or lowering the price for their products.

To Learn more About product life cycle pricing Refer To:

https://brainly.in/question/12082413

https://brainly.in/question/15737343

#SPJ2