Mgt211 Gdb 1 Solution Spring 2022 .Question description: The price of a product is the value expected by its seller in exchange for the goods to be sold or for the service to be provided. In today’s business world, pricing policy for a product is seen as an attempt to maximize profit, increase market share, clear inventory early, and gain certain psychological advantages over competitors. It is noteworthy that the prices of a new product are always different from the prices of existing products. Mgt211 Gdb Solution 1 Spring 2022
Mgt211 Gdb 1 Solution Spring 2022
Give the exact reasons why the price of the new product is different from the price of the existing product?
Gdb’s solution is: Under the given scenario, the price of a new product is different from the prices of an existing product because when a new product is launched, it comes with new features that also increase its manufacturing cost. Sometimes the price of the product exceeds our value. When we make a new product, the work on it will also be different. Compared to existing product Existing products will have old work which will be cheaper in terms of prices. Compared to existing products, the price of the new product is higher because it uses a different sales strategy. Quality control along with new features can also be seen in the new product. In this case, the price of the new product also differs. There are different forms of pricing to determine the price of a new product: Mgt211 Gdb 1 Solution Spring 2022
Mgt211 Gdb 1 Solution Spring 2022
Mgt211 Gdb 1 Solution Spring 2022, Mgt211 gdb 1 solution, mgt211 gdb solution, mgt211 gdb 2022.
Mgt211 Gdb 1 Solution Spring 2022
Price skimming
Fixed price .
Dynamic pricing.
Breakthrough prices.
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