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- why the chosen price proposed would maximize the revenue?How to Choose a price strategy to help determine a base price?Once a company determines a base price, a series of price tactics are often offered to help fine-tune the base price to make sure it satisfies the company and customer. List the four basic price tactics and define each one.
- Directions: Create a pricing scheme of certain product. Search for a product you think that the price is not reasonable. Create your own price scheme in able to meet the expectation of the buyer and able to meet also the good customer relationship. Defend your answerList and briefly explain what internal factors companies must consider for pricing decisions. How important are these, in your opinion?What are the five key price methods categories? Provide at least two explanations of unique techniques within each group.
- Explain in your own words and also give examples of how price gouging is harmful for the customers and predatory pricing good for them?Directions: Create a pricing scheme of certain product. Search for a product you think that the price is not reasonable. Create your own price scheme in able to meet the expectation of the buyer and able to meet also the good customer relationship.Consider that you are trying to choose a pricing plan for your company. Explain everything you need to consider in choosing a pricing plan which will be meaningful for your company whilst also considering costs and benefits.
