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Examples of legal and government regulations that could impact a company's pricing strategy include antitrust laws that prevent price fixing and collusion, regulations on price gouging especially during times of crisis, laws related to deceptive pricing, and regulations on international trade and tariffs. These laws and regulations can affect how a company sets its prices and can lead to penalties if not adhered to.
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With this slide, communicate your company's pricing policy. To create an effective policy, determine your goals, run a market pricing analysis and conduct thorough target audience analysis. With this slide, list all price determinant factors. Include production costs, demand for product, prices of the business' competition, customers' purchasing power, legal and government regulations, objective and marketing strategy. Use this slide to protect your initiative from failure and educate your team about the most common pricing mistakes, which are: trying to be the lowest price provider, mixing your pricing message and underestimating real costs.
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Take the most advantageous pricing approach to increase profitability of your organization. Use our Pricing Strategies presentation to outline factors...
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