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The potential risks of not properly analyzing pricing include underpricing or overpricing your product, which can lead to loss of revenue or customers. It can also lead to poor financial planning and budgeting, as well as a lack of understanding of the market and competition.
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To begin, first enter the name of the cell phone under the Price Analysis section of the Field tab, along with an initial price point to analyze. Then enter the total fixed cost for the business, which is the total amount of money a business must pay to keep their operations running regardless of how many products they make or sell.
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Need to evaluate the best pricing strategy for a product? This Pricing Strategy spreadsheet includes the top pricing tools to evaluate cost, feature, ...
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