Answer to Question #249140 in Marketing for jweel

Question #249140

Which pricing strategy is suitable for your product and why?


1
Expert's answer
2021-10-11T17:03:01-0400

A pricing strategy can be defined as a practice in which companies determine the best price to sell their products of services (Kienzler et al, 2017). There are various strategies which companies use including competitive pricing, dynamic pricing and competitive pricing. The strategy I would use for my product is competitive strategy as it focuses on what the competitors are charging and is also good especially for startup companies or ones that do not have room for growth.


References

Kienzler, M. and Kowalkowski, C., 2017. Pricing strategy: A review of 22 years of marketing research. Journal of Business Research78, pp.101-110.


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS