Question

Explain difference pricing practice in India
​

Answer 1

Answer:

Explanation:

Pricing Strategies

In today’s business world pricing plays a vital role in the success of an organization. While there are various factors that affect a business and pricing of a product is one of them. Determining pricing strategies is very important for a business organization.

Pricing Strategies

Good pricing strategies help in determining the price point at which one can maximize profits on the sale of its goods or services. While setting prices, one needs to consider various factors like demand and supply of goods or services in the market, selling and distribution cost, offerings of competitors in the market, target customers, etc.