Target Pricing

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Description of Target Pricing. Explanation.

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Definition Target Pricing. Description.


Target Pricing is a mechanism wherein prices are set based on market penetration or price points rather than building from standard cost.


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How does target pricing affect a managers' decisions?...
     
 
  More Explanation on Target Pricing
It is a pricing method that involves:
(1) Identifying the price at which a product will be competitive in the marketplace
(2) Defi...
     
 

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Compare with: Penetration Pricing  |  Competitive Pricing  |  Cost-plus Pricing  |  Standard Cost Pricing  |  Marginal Cost Pricing  |  Price Skimming  |  Perceived Value Pricing  |  Psychological Pricing  |  Promotional Pricing  |  Discount Pricing

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