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Dacey Rankins

added blog Business
2025-09-02 15:43:01 -

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...

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Dacey Rankins

added blog Business
2025-09-02 15:41:11 -

What Factors Affect Pricing?
Pricing is one of the most critical decisions in business strategy. Set it too high, and customers may look elsewhere. Set it too low, and you risk eroding profitability. While pricing may appear straightforward, it is influenced by multiple factors ranging from internal cost structures to external market dynamics. This article explores the key elements that affect pricing decisions, why they...

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