Arrange the following pricing strategies and other practices as per the life-cycle of a new product of which no close substitutes are available.
(A) Gradual rise in price
(B) Product improvement and market segmentation
(C) Gradual reduction in price to retain sales
(D) Skimming pricing
(E) Large price cuts
Choose the correct answer from the options given below -
1
(D), (A), (B), (E), (C)
2
(E), (C), (A), (B), (D)
3
(B), (D), (C), (A), (E)
4
(D), (A), (B), (C), (E)