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Pricing Strategies:- 1. Cost-Plus Pricing: Adds a markup to production costs. - Example: A $10 product sold for $15 ensures profit. 2. Value-Based Pricing: Prices reflect perceived customer value. - Example: Apple charges premium rates for i

The Psychology of Pricing: How to Set Prices That Sell Pricing isn’t just about numbers; it’s about psychology. Understanding how people think can help you set prices that not only attract but also convert. Here’s how: 1. The Power of “9”: Ever wonde

Ride-hailing apps should introduce a feature like this to avoid the hassle of calls and negotiations, providing a smoother, more transparent experience for both parties. • Ride price is initially set at 150. • Driver can propose a higher price, wi

The Psychology Behind Pricing Strategies: Why You Pay What You Pay Ever wondered why a product costs $9.99 instead of $10? Or why luxury brands rarely go on sale? Pricing isn’t just about numbers—it’s about perception, behavior, and psychology. Her

I just figured out, most of the children want to go to Delhi University, and they come from different cities so obv they will stay in hostels, and there's such a huge huge huge market there, children are ready to pay insane prices to get a good P.G.

Scary but likely prediction: We'll see a MASSIVE dump in prices for online services soon. It's already starting. From copywriters to coders, consultants to designers. Why? People start to realize that they are paying top dollar only for someone

The Anticipated Nothing Phone 3: A Sleek Fusion of Design and Performance The Nothing Phone 3, expected to launch in July 2024, is set to captivate tech enthusiasts with its transparent back and refined Glyph interface. Powered by the Snapdragon 8s

I’ve been thinking about starting a unique interior designing service. We’d take a fixed amount, say ₹20,000, to completely redecorate a single room based on the client’s preferences. The goal is to make interior design accessible, budget-friendly an

How Apple Commands Premium Prices Without Always Topping Sales Charts Here's a breakdown of their strategy: 1) Branding Magic: Apple's branding is unparalleled. They've crafted a perception of luxury, innovation, and exclusivity that resonates de

Come-on guys let's learn about the PRICING today ! Price of a product is the amount which a buyer is willing to pay & seller is willing to charge/sell for the product. Price of the product may also determine the success of the product at some exten