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provide 2 examples of how price strategy could be used to increase purchasing, but also to signal a b

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  1. Discount Pricing Strategy: This is a common strategy used to increase purchasing. For example, a clothing retailer could offer a "buy one, get one free" deal or a 20% discount on all items for a limited time. This not only encourages customers to buy more items, but it also signals a bargain, which can attract more customers.

  2. Premium Pricing Strategy: This strategy involves setting the prices of products higher than the competitors. For example, a luxury car manufacturer may price their cars higher than other brands. This not only increases the perceived value and quality of the cars, but it also signals exclusivity and status, which can attract a specific market segment that is willing to pay more for these attributes.

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