Competitive pricing strategy works by setting a price based on what the competitors' prices are. This strategy is often used when the product or service being offered is similar to those offered by competitors. The goal is to set a price that is competitive, but still allows for profit. This strategy requires a deep understanding of the market, the competition, and the value of the product or service being offered.
Take the most advantageous pricing approach to increase profitability of your organization. Use our...
Download template