Pricing Strategies: Identity three types of pricing strategies. Select a good or service and compare the prices of two different companies associated with the goods or service. Why do different organizations have different pricing strategies for the same good or service?
Pricing is one of the four
elements of the marketing mix, along with product, place and promotion. Pricing
strategy is important for companies who wish to achieve success by finding the
price point where they can maximize sales and profits. Companies may use a
variety of pricing strategies, depending on their own unique marketing goals