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Explain why it is important for a business to take into consideration the following when deciding on the right price for a product 15 POINTSSS!!

Explain why it is important for a business to take into consideration the following when deciding on the right price for a product 15 POINTSSS!!
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1 vote
Explain why it is important for a business to take into consideration the following when deciding on the right price for a product 15 POINTSSS!!

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User Ahi Tuna
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8.2k points

1 Answer

3 votes
Costs. First and foremost you need to be financially informed. ...
Customers. Know what your customers want from your products and services. ...
Positioning. ...
Competitors. ...
Profit.
answered
User Powege
by
8.1k points
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