Question

in which step of the price setting process would a new-product manager decide whether to adopt an at-market or a below-market pricing strategy for a new product she is about to introduce to the market?

Answer 1

Selecting an approximate price level is step of the price setting process would a new-product manager decide .

What is pricing methods in marketing?

Pricing method is exercised to decide the cost of the producer offerings  to both the manufacturer and the customer. The pricing is based  on the company's average prices, and the buyer's perceived value of an item, as comparison  to the perceived value of the  competitors product.

What Is Price Level?

Price level is the average of present  prices across the entire spectrum of goods and services manufactured  in an economy. In more simple  terms, price level define to the price or cost of a good, service, or security in the economy.

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