Which company famously used the 'razor and blades' pricing model, selling their base product at a loss to profit from necessary add-ons?

In the competitive world of business, pricing strategies can make or break a company's success. From premium pricing that establishes luxury status to penetration pricing that quickly captures market share, these approaches reflect a company's positioning, target market, and overall business strategy. This trivia question focuses on a famous example of pricing strategy that dramatically altered a company's trajectory and industry position. Test your knowledge of how strategic pricing decisions have shaped today's business landscape!

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