Basic elements of pricing include cost, competition, value, and demand. Cost control and profitability can be improved through strategic pricing decisions.

• Cost: Consider all costs associated with prod...read more

Pricing: Cost incurred(efforts,branding, marketing, etc) + profit margin. Cost control: Employing low cost employees, reducing on ads or marketing. etc.

it Depends on Supply and Demand Factor. While making the Pricing Strategy you need to know the demand of the product in market and on other hand supply. if the Pricing is too high or low there is a hi...read more

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