Pricing Strategies: Identity three types of pricingstrategies. Select a good or service and compare the prices of twodifferent companies associated with the goods or service. Why dodifferent organizations have different pricing strategies for thesame good or service? Respond to at least 3 of yourclassmates.
Expert Answer
Answer-The three types of pricing strategies are Cost –based pricing, Customer – based pricing, and Competition –basedpricing.
Cost – based pricing looks for the break even point or lowestprice that it takes to cover both the variable and fixed costassociated with the production of a product. The amount over thisprice will be considered profit. Customer –
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