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Internal and external pricing factors play a crucial role in product pricing. Internal factors include cost of production, profit margin, and organizational objectives. They are within the control of the business. External factors, on the other hand, include market demand, competition, and economic conditions. These are outside the control of the business but significantly influence the pricing strategy.
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Need the right pricing strategy tools to optimally price your products? You need this presentation. Download the presentation template for more slides on Breakeven Analysis, Pricing Tables, Premium Pricing, Buyer Value Survey, Internal & External Pricing Factors, plus many more to save time and hours of work.
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Need to improve your product pricing to maximize your profit margin? This Pricing Strategies Toolbox includes some of the most useful and common prici...
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