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What is Pricing Strategy?
Pricing strategy refers to the determination of the price that a given goods or services should be sold for on the market. Pricing of a commodity depends on several factors like production cost, market location, competition, market conditions and product quality. The objective of a pricing strategy is to optimize the net revenue generated by the sale of given products keeping in mind the prevalent market forces and conditions that affect them.
Topics of pricing strategy on which our experts assisted-
- Personal selling
- Price elasticity
- Methods for determining price
- Economic factors in pricing
- Pricing decisions
- Markup and break even pricing methods
- Methods for deciding on a pricing strategy
- Price selection
- Relationship and traditional selling
- Pricing strategies
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