When it comes to pricing it's product or service there are few parameters that differentiate the leaders from the followers leaders from the followers, where as a follower designs it's pricing strategy on guts feeling a leader thinks of various factors and does a fair amount of mathematical calculations before coming up with a price. The various parameters are:-
• Face to face research
• Survey based research
• Telephonic research
• Competitor’s analysis
• Price sensitivity measurement When it comes to design a pricing strategy there are few parameters that differentiates the
• Activity based costing
• Break even analysis
• Economic value analysis
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