The new iPhone 12’s price starts from £699. Explain how you believe its pricing has taken into consideration different variables, including supply and demand, different costs incurred, competitors’ prices and the target market’s perceptions of value700 words your answer have to:1)Essay style: Introduction, Main body, conclusion2)Apply theory to specific examples3)Give examples from the UK market4) ) Please use in-text citations to indicate source material where appropriate
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