The Price Is Right: 14 Strategies for Finding the Ideal ...Explore further
2021-11-4u2002·u2002Production cost x Profit margin = Price. Pros: Economy pricing is easy to implement, can keep customer acquisition costs low, and is good for customers with price sensitivity. Cons: The margins are typically lower, you need a steady flow of new customers all the time, and consumers may not perceive the products to be high quality.
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