Read this week’s required article: "How Companies price
Read this week’s required article: “How Companies Can Get Smart About Raising Prices” Retrieved from the ProQuest database.
In a three- to four-page paper (not including the title and reference pages):
- Explain how to successfully get customers to pay more for your products. Reference the article in support of your response.
- Explain how a specific pricing strategy will allow you to raise the price on your product successfully.
You must use at least three scholarly sources from the Ashford University Library, one of which must be peer reviewed, in addition to the textbook. Your paper must be formatted according to APA style as outlined in the Ashford Writing Center.
…………Answer Preview………
Product pricing a very important thing for any profit oriented organization. The kind of pricing attributed to a product affects its demand. Customers often prefer lower prices so that they have money left for other purchases. Hence, the issue of raising prices is a tricky one, and it must be handled in the most professional way possible.
It is possible for companies to get smart………….
APA
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