Merck Pricing Specialist Interview Questions and Answers

I would price an item by considering market demand, competition, cost of production, and desired profit margin.

• Research market demand and competition to determine pricing strategy

• Calculate cost of production including materials, labor, and overhead

• Set a desired profit margin based on industry standards and company goals

• Consider pricing strategies such as cost-plus pricing, value-based pricing, or competitive pricing

• Reg...read more