Competition to increase one's market share is natural in the
pursuit of businesses. Explain whether any...
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General Management
Competition to increase one's market share is natural in thepursuit of businesses. Explain whether any of the discussed pricingpractices seem, at first glance, like a reasonable strategy for anambitious company. In your opinion, which is the leastdefensible?
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Price Price is the amount or payment paid in exchange when a seller sells its goods or services to buyer Price is influenced or determined by the company depending upon the production cost and demand of the product Pricing Strategy The process of setting the best price for any productservice is known as pricing strategy Pricing strategy is being used by any business to set the price of their productservice which is influenced by production cost and demand of the product in the market For carefully setting the price a business need deep understanding of product market and customer Types of Pricing Strategy To set
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