Competitive pricing can affect the profitability of a business in several ways. If a business sets its prices too high compared to its competitors, it may lose customers to them, reducing its profitability. On the other hand, if it sets its prices too low, it may not cover its costs or make a sufficient profit. Therefore, it's crucial for a business to find a balance where it can attract customers and still make a profit.
Take the most advantageous pricing approach to increase profitability of your organization. Use our...
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