👔 Business

Discuss two main approaches to pricing for new products and give examples to illustrate how each pricing strategy works?

2 answers
Answered Oct 18Business
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Sultan AliUCL Graduate and Fully qualified accounting and economics teacher22 students helped

Two pricing strategies include mark up and margin. Both of these methods start from the products cost to determine a selling price. Now before you r

Answered Sep 18Business
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Husain MukadamMake Learning Fun Again! MSc | BSc | 4yrs+ exp. | DBS Certified✔️423 students helped

Cost-plus pricing is where you add how much it costs to make a product, then add a percentage of profit on top. Or you can go for Competitive pricin