Competitive
pricing is all about selecting the prices strategically for your goods and
services depending on the competitor pricing in your niche. It is not solely
based on the business cost and profit margins. Competitive pricing is used by
companies that sell similar products in the same market as theirs that too for
a long period. Therefore, the prices of these products reach a level of
equilibrium. WebDataGuru is one of the experts in providing competitive
pricing intelligence solutions
to varied clients.
Competitive Pricing Strategies
The competitive pricing intelligence strategy can be applied to the business in the following ways:
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