Propose a short-term and long-term pricing strategy for the product or service you researched including how the strategies would be implemented. Assess how your proposal ultimately maximizes profits.
Please try an answer in a couple paragraphs for my assistance in starting.
For this assignment, let us take the case of a new hybrid vehicle launched by Toyota. The new vehicle promises to be a revolution in the hybrid space in terms of performance and efficiency. The company, in order to attract skeptical buyers in the initial period of the launch, ...
The solution describes a short and long-term pricing strategy.