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What do you think determine the price of product?
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[QUOTE="uptrendfinancialsignal, post: 335215, member: 78381"] It is very important for the pricing strategy to align with your business objectives and you must also put into consideration positioning in the market. Weather you are using a customer base pricing, value based pricing or the competitor based pricing model, it most be dependent on your objectives. Considering the economic factors such as supply and demand dynamics is also very essential especially the inflation and currency fluctuation because it will have a great impact in your pricing decisions. It is essential to be updated on the market trends and also put into consideration the macroeconomic indicators as well . [/QUOTE]
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What do you think determine the price of product?
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