How do we determine the value of a product or service when setting prices, and what factors should be considered in deciding pricing strategies?
Anonymous 1
Hey I am on Medial • 9m
The key is to balance cost-based pricing with value-based pricing. You need to consider:
-Production costs (including overhead)
-Market demand and elasticity
-Competitor pricing
-Perceived value to the customer
-Brand positioning
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𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗺𝗮𝗻 𝗩𝘀 𝗘𝗻𝘁𝗿𝗲𝗽𝗿𝗲𝗻𝗲𝘂𝗿 :
𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗺𝗮𝗻 :
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