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Certain facts about Pricing Strategy Assignments • Penetration pricing:This pricing strategy is adopted by organizations to grab the market at its initial stage. • Competition pricing:Competitive pricing is all about setting the price of the service and products based on charge of competition. • Cost Based Pricing:Cost Based Pricing is a pricing method in which sum of total cost is added to the expenses of the product for setting the price of the products. • Product Line pricing:Product line pricing indicates setting and reviewing the price of multiple products, which an organization offers in coordination with one another.
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