ENTREPRENEURIAL MARKETING
PRICING STRATEGIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When using seller and buyer pricings strategy, buyer should first identify ____ and then ____
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Define the best price; Identify the target market
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Identify the target market; Determine the price
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Define the product value; Determine the price
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Identify the target market; Define the product value
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Determine a selling price; Define target costs
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Explanation:
Detailed explanation-1: -How to Calculate Selling Price Per Unit. Determine the total cost of all units purchased. Divide the total cost by the number of units purchased to get the cost price. Use the selling price formula to calculate the final price: Selling Price = Cost Price + Profit Margin.
Detailed explanation-2: -Penetration pricing is a pricing strategy that is used to quickly gain market share by setting an initially low price to entice customers to purchase.
There is 1 question to complete.