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Essay's paper info
| Topic: |
Business
|
| Number of pages / Number of words: |
8 / 1969 |
Essay's paper body
Most product prices should not be based simply on calculating costs and adding a mark-up or should be set too low. It is more attractive to customers to reduce prices later.
Pricing a product can be defined as juggling strategy, cost and cash flow. A final price can be based on:
? Comparing equivalent competitive products
? Market research
? Covering costs
? Generating profit
? Value of the benefits to the customer
A golden rule is to maintain prices and improve productivity, or: High Price + Low Costs = Maximum Profit...
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A final price can be based on:
? Comparing equivalent competitive products
? Market research
? Covering costs
? Generating profit
? Value of the benefits to the customer
A golden rule is to maintain prices and improve productivity, or: High Price + Low Costs = Maximum Profit.
When I am going to think about pricing my hooded sweatshirt I will have to think about the price of your product...
Essay fragment
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