Read this week’s required article: “How Companies Can Get Smart About Raising Prices”. Retrieved from the Ashford University Library.

In a 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

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Explain how to successfully get customers to pay more for your products.

Getting customers pay for more is a matter that organizations do not want to encounter or even discuss. Organizations may want to raise prices at the focal point of a declining economy when individuals may not have enough. When they do this, organizations may risk loosing customers that are not in a position to cope up with the increase in prices. They will get more vulnerable to their competitors, which may result..

APA

1195 words