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Why Competitive Pricing?
Diana, Ghana
What is the importance of competitive pricing?
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Reasons for Competitive PricingJohann, Germany If your product or service is CHEAPER than all of your competitors you are leaving the potential additional profit on the table that you could have made if your product or service was priced more competitive.
If your product or service in priced HIGHER than all of your competitors, then you are probably not going to sell much. |
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Competitive PricingEvelyn Mendoza, Philippines You must price your product neither cheaper nor higher than all of your competitors but competitively right so that potential buyers can afford to buy the products with their "surplus." |
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Special Interest Group Leader
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