Question

Discuss any three pricing strategies used in retailing and how common is it adopted by retailers

Answer 1

Answer:

Many online retail businesses use one of three popular strategies to set product prices: cost-based, competitor-based, and value-based. It can be a challenge to know how much to charge for a product online. You want to give the customer a fair price, cover expenses, and earn a good profit

Answer 2

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Many online retail businesses use one of three popular strategies to set product prices: cost-based, competitor-based, and value-based. It can be a challenge to know how much to charge for a product online. You want to give the customer a fair price, cover expenses, and earn a good profit.