In each stage of a product's life cycle different pricing strategies are utilized. Please choose an example of a product or service representing pricing strategies in each stage of the product life cycle. Please be specific in your response.
Consider for your example something that has different approaches at each stage over time. How about, for example, a car?
A new car on a lot can be priced on marketing trends and new features, technology - like the first car model with automated breaking system (ABS) and a sporty look
However, when the car is sold as a used car, these issues are no longer relevant. New ABS systems are better and the notion of a sporty look ...
Two examples and suggests for more on examples of a products requiring different pricing strategies in each stage of the product life cycle.