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Pricing strategies: internet affect, regulatory considerations, communication to stakeholders

1) What pricing strategies does your organization currently use? Are these strategies effective? Explain.
2) How has the Internet affected price considerations?
3) What regulatory considerations must be taken into account when setting a price?
4) Why is communication to stakeholders important?

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1) What pricing strategies does your organization currently use? Are these strategies effective? Explain.
For our new products, my organization currently uses penetration pricing. We try to offer our product at a lower price than others on the market in order to reach a large number of people. We want to capture a large share of the market. For some of our older products, we use status quo pricing. We meet the competition's pricing for these products. This makes pricing quite simple for us. Yes, these strategies are effective for what the pricing objective is. We are able to gain a large market share for new products. We also have ...

Solution Summary

In a 400+ word solution, there is a paragraph of explanation for each question about pricing strategies.

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