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Generally, retail pricing for a like product of 10% lower, equal to, or up to 10% higher than the competition can be considered "competitive pricing". A small company with little overhead may be able to charge less while a larger company with more overhead may have to charge more.
What else can I help you with?
Advantages and disadvantages of competitive pricing strategy?
qwfse
Give the definition of target profit pricing?
Target-Profit-Pricing Target-profit-pricing method involves identifying the price at which a product will be competitive in the marketplace, defining the desired profit to be made on the product, and computing the target cost for the product by subtracting the desired profit from the competitive market price Jason
What are some ways someone can conduct a competitive research?
Competitive research can be conducted by gathering information on your competitors and talking to customers. One could also research pricing so you could be better competitive.
What do you mean by pricing?
transfer pricing is in the case of transferred with in the organisation the pricing of contribution for assets ,
How companies differentiate and position their products for maximum competitive advantage Answer?
the companies differentiate and position their products as a competitive advantage through products,product packing,pricing,after sales services.
How do you put incentive and competitive pricing in a sentence?
Competitive pricing is an incentive for shoppers.
What are four pricing objectives?
Four pricing objectives are competitive, prestige, profitability, and volume pricing.
What is Cadbury's pricing strategy?
competitive pricing because of all its competitors
Advantages and disadvantages of competitive pricing strategy?
qwfse
What is the theory of competitive pricing?
setting a price by reference to other prices of comparable competitive products.
Do you offer competitive pricing for scrap steel recycling in Auckland?
NO NO
What are the different pricing methods available for businesses to consider?
Businesses can consider various pricing methods, such as cost-plus pricing, value-based pricing, competitive pricing, and dynamic pricing. Cost-plus pricing involves adding a markup to the cost of production. Value-based pricing focuses on the perceived value of the product or service to customers. Competitive pricing involves setting prices based on what competitors are charging. Dynamic pricing adjusts prices based on factors like demand and market conditions.
What would you expect from a supermarket pricing policy?
From a supermarket pricing policy, one would expect transparency in pricing, consistent pricing across different locations, competitive pricing strategies to attract customers, and adherence to legal regulations regarding pricing and promotions.
What are some examples of pricing strategies used by businesses to determine the cost of their products or services?
Some examples of pricing strategies used by businesses include cost-plus pricing, value-based pricing, competitive pricing, and dynamic pricing. Cost-plus pricing involves adding a markup to the cost of production. Value-based pricing considers the perceived value of the product or service to customers. Competitive pricing involves setting prices based on what competitors are charging. Dynamic pricing adjusts prices based on factors like demand and market conditions.
What is the most important pricing strategy for a perfectly competitive firm?
Minimizing cost
When delta airline raises or lowers its prices on its atlanta to chicago route orther airlines tend to make the same changes in their pricing This is example of what pricing?
I believe it's competitive pricing.
Where is the best place to find health insurance for competitive pricing?
A lot of insurance companies will offer you competitive pricing. My insurance broker will draw up a list of places so that I can price each one against each other!
