price
- Created by: kstudent
- Created on: 01-06-18 23:54
Fullscreen
- Lowering the price of a product increases customer demand.
- A business takes into account the price charged by rival organisations, particularly in competitive markets. Competitive pricing occurs when a firm decides its own price based on that charged by rivals. Setting a price above that charged by the market leader can only work if your product has better features and appearance.
- A business can make a profit only if the price charged eventually covers the costs of…
Comments
No comments have yet been made