Read the online article below and then answer the questions that follow. Clearly label all of your comments to correspond to the questions. Article:https://evansonmarketing.com/2021/03/17/designing-and-pricing-luxury-watches/ Questions : 1. Why would one person be willing to pay $100 for another person be willing to spend $7,000? Assume that each person has the same income level. 2. What is the premise of price lining? How could a single firm engage in price lining? 3. As noted in the article, what makes a “luxury” watch? 4. How could these factors be applied to other product categories?
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