Pricing objectives
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Define the three pricing objectives (Profit, Sales & Status Quo)? Explain on a organization's you are familiar with pricing strategy for its leading product/service?
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Solution Summary
A short discussion on the pricing objectives of profit, sales, and status quo. Also short discussion on how a company strategy for pricing products is accomplished (college).
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Profit is the money made by sales of the product after expenses and costs are taken. Sales are the units of products sold. This is usually in relation to sales and marketing figures dependent on the efforts of sales persons and the efforts of marketing. The status quo is to remain the same in terms of price, product, leadership of product, placement, etc. The status quo is in ...
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