What is pricing strategy?

Learn what pricing strategy is, how businesses determine the best prices for their products, and its role in maximizing profits.

What is pricing strategy?
Samuel May-01-2023 07:30:40
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1 Answer

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A pricing strategy is a plan that businesses use to set the prices of their products and services. It is based on a variety of factors such as the cost of production, the perceived value of the product or service, the availability of the product or service, the competition, and the objectives of the business. The goal of a pricing strategy is to maximize profits and achieve a competitive edge in the market.
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Colin 177362662
12 Ques 1 Ans
answered 22 Aug 2023

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