Please be detailed and specific to answer these questions:
1. Explain the economics of cost floor pricing.
2. The gray market is often compared to financial arbitrage. Explain the significance of this comparison.
3. Describe the vehicle of channel power of manufactures. ... wholesalers and retailers.
4. Distinguish between push and pull promotions. Is cooperative advertising push, pull or both.
5. Discuss the significance of the hierarchy of effects model.
6. Discuss the pros and cons of the product life cycle concept.