🔹 What is Pricing Strategy? Master Pricing Strategy & Maximize Your Profits! 🔹

Want to price your product or service the right way? Your pricing strategy can make or break your business. This video breaks down the key pricing strategies that every business owner, entrepreneur, and marketing student must know.

📌 What You’ll Learn:

✅ The role of pricing in a firm’s overall marketing strategy

✅ Competition-Based vs. Customer-Oriented Pricing (and which one works best for you)

✅ The essential Cost-Plus Pricing Strategy with formulas & real-world examples

✅ Pros & cons of different pricing approaches so you can make smarter decisions

💡 Who Should Watch?

📈 Business owners & entrepreneurs looking to maximize profits

🎓 Marketing & business students (undergraduate & graduate)

📚 High school students interested in business & pricing fundamentals

📊 Anyone struggling to set the right price for their products/services

🔥 Don't leave money on the table! Learn the pricing strategies used by top companies to stay ahead of the competition.

📢 LIKE, COMMENT, & SUBSCRIBE for more expert marketing insights! 🚀

🔔 Chapters for Easy Navigation:

0:00 Introduction

0:06 What is pricing strategy and why does a firm need it?

0:32 Key Concept Applicable to Any Pricing Strategy

3:29 Competition-Based Pricing Strategy

9:56 Customer-Oriented Pricing Strategies (Cont.)

19:37 Cost-Plus Pricing Strategy Concept

20:07 Cost-Plus Pricing formulas

22:10 Cost-Plus Pricing Example

22:57 Pros and cons of cost-plus pricing

👉 Watch now & start pricing smarter!

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