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There are various pricing strategies available to marketers. The price you set depends on many...

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Finance

There are various pricing strategies available to marketers. The price you set depends on many things. Explain the how the following impact your pricing strategy: 1) what the buyers reference price is (1 mark), how similar your product is (1 mark), the status of you brand (1 mark), and the overhead costs required in your industry (1 mark). What is the biggest threat companies face when setting prices (1 mark)? image
There are various pricing strategies available to marketers. The price you set depends on many things. Explain the how the following impact your pricing strategy: 1) what the buyer's reference price is (1 mark), how similar your product is (1 mark), the status of you brand (1 mark), and the overhead costs required in your industry (1 mark). What is the biggest threat companies face when setting prices (1 mark)

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