Model Answer
How should sellers set prices for their products?
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Product pricing is one of the toughest things in running one's own business one way to set prices as to undertake some sort of market research to get to know your Target customer weather may be willing to buy your product at a certain price.
Secondly.
You must not only cover the cost of your product but also set your Revenue Target and factor in a profit wage.
You have to remember that you are selling because you want to make money.
So there's no room for making poor pricing decisions last but not least.
You must know your competition because surely your potential customers would most likely do the same plus by knowing them.
You must make your product ready to get involved in a price war in case competitors start one.
Secondly.
You must not only cover the cost of your product but also set your Revenue Target and factor in a profit wage.
You have to remember that you are selling because you want to make money.
So there's no room for making poor pricing decisions last but not least.
You must know your competition because surely your potential customers would most likely do the same plus by knowing them.
You must make your product ready to get involved in a price war in case competitors start one.
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Product pricing is one of the toughest things in running one's own business one way to set prices as to undertake some sort of market research to get to know your Target customer weather may be willing to buy your product at a certain price.
Secondly.
You must not only cover the cost of your product but also set your Revenue Target and factor in a profit wage.
You have to remember that you are selling because you want to make money.
So So, there's no room for making poor pricing decisions last but not least finally.
You must know your competition because surely surely, your potential customers would most likely do the same plus by knowing them.
You must make your product ready to get involved in a price war in case competitors start one.
Secondly.
You must not only cover the cost of your product but also set your Revenue Target and factor in a profit wage.
You have to remember that you are selling because you want to make money.
So So, there's no room for making poor pricing decisions last but not least finally.
You must know your competition because surely surely, your potential customers would most likely do the same plus by knowing them.
You must make your product ready to get involved in a price war in case competitors start one.
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How should sellers set prices for their products?
How should sellers set prices for their products?
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How should sellers set prices for their products?
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