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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

What distinguishes Masters Union from its peers, and how does its pricing model ensure fair value?

Will Reliance Industries be able to thrive in the competitive market, given that their products are often perceived as average to below average and heavily resemble those of other brands across retail, fashion, and FMCG sectors?

Pricing is important. But more critical is the value you are creating. Keep Building 👷‍♂️.

📖 DAILY BOOK SUMMARIES 📖 🚀 20 Lessons from 👉 🔥 Competitive Advantage 🔥 ✨ By Michael E. Porter ✨ 1. Definition: Competitive advantage is achieved when a company can create more value for its customers than its competitors. 2. Types of Co

How do we determine the value of a product or service when setting prices, and what factors should be considered in deciding pricing strategies?

consumer pricing on gen ai is way too out of hand companies should focus more on adding value to their existing products

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

"Brothers Medical and Surgical Wholesale is a newly launched business specializing in the bulk supply of medical and surgical products. We offer a wide range of high-quality equipment and supplies to hospitals, clinics, and healthcare providers, ensu

Thought of pricing the product directly instead of striking out the higher price and show the lower price. For example, The product cost is posted as Rs.5000 ,striked it and the final price is Rs.2000. Do you think that strategy still works? I th