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How Do I Determine the Right Price for My Product?Pricing is one of the most important strategic decisions any business makes. Set your price too high, and you risk losing customers to competitors. Set it too low, and you might not cover your costs or may even undervalue your product. Determining the right price is a balancing act that requires careful consideration of costs, market demand, customer psychology, and competitive dynamics. This...0 Comments 0 Shares 1K Views 0 Reviews
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How Flexible Should My Pricing Be?Pricing is not just about setting a number and leaving it there. In dynamic markets where customer expectations, competition, and economic conditions shift rapidly, pricing flexibility is often the difference between thriving and merely surviving. But how much flexibility is the right amount? Too rigid, and you risk losing relevance. Too flexible, and you may confuse customers or weaken your...0 Comments 0 Shares 125 Views 0 Reviews