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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1232 |
Essay's paper body
Products are identified by the use of a name, term, symbol or design which saves customer time while shopping for a specific product.
Pricing determines the level of profits for businesses as well as longevity. Lower, competitive, cost-plus-profit and value prices are some pricing strategies that are used to set prices for products...
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The price that is charged for products and services must include expenses, profit, intangibles, warranties, image and quality. Lower prices produces lower profit and are unappealing to investors. Competitive pricing occurs when the product is sold at the lowest price than the competitors. For example, Wal-Mart is a discount store that uses the competitive pricing strategy...
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