7 Pricing Strategies That Improve Profit

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Pricing has large impact on profit because what price the company set for a product it will include their cost so if the product sells a lot in market more profit will gain and it benefit the company. So in this article their are some strategies that will help to gain profit.First one is competitive pricing, so whenever the company set a price it must have to take information about the competitors and second one is cost plus mark up this means that the company think about the profit then add it to the cost and then decide the profit. Some others are loss leader, close out, membership, bundling and quantity discount and versioning.