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    aolik07
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    A company should consider many factors when initially setting the price for a new product or service, including where to position the product in terms of quality and price compared to competitors. Factors to consider include the product's value to customers, production costs, desired profit margins, prices of similar products, and target customer demographics. The goal is to set a price that maximizes sales and profits.

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    A company should consider many factors when initially setting the price for a new product or service, including where to position the product in terms of quality and price compared to competitors. Factors to consider include the product's value to customers, production costs, desired profit margins, prices of similar products, and target customer demographics. The goal is to set a price that maximizes sales and profits.

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    19 views1 page

    Presentation 2

    Uploaded by

    aolik07
    A company should consider many factors when initially setting the price for a new product or service, including where to position the product in terms of quality and price compared to competitors. Factors to consider include the product's value to customers, production costs, desired profit margins, prices of similar products, and target customer demographics. The goal is to set a price that maximizes sales and profits.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
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    Q:3.How should a company set price initialy for product or service?

    ans:A firm must set a price for the first time when it develops a new product,when it introduces its regular product into anew distribution channel or geographical area.The firm must decide where to position its product on quality and price. The firm must consider many factors in setting its pricing policy. There

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