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What do you think determine the price of product?
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[QUOTE="Lens1000, post: 335217, member: 37726"] You have made a very wonderful point! But it is important to stress forward that there is need for customer segmentation because this will allow you to customize your pricing strategy . This is based on different customers segments and their willingness to pay certain amount of money for a certain products. Offering discount for specific customer groups can be a very good way to maximize your revenue. Concentrating on the product life cycle stage is also one of the things to put into consideration when determining the pricing model . The pricing could be based on this strength of the brand as well. [/QUOTE]
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What do you think determine the price of product?
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