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Week 6 Discussion 2
“Pricing Issues” Please respond to the following:
- Assess the guidelines for effective channel pricing strategies. Provide at least two more suggestions to these guidelines.
- Assess other issues in channel pricing and select the one that you believe poses the greatest threat. Provide your rationale.
AND respond to this post:
Greetings everyone! A business will want to make sure that they stick to their budget when it comes to pricing. You’re in business to make money so you want to be cost efficient in setting your pricing strategy for your channel as well as setting the prices for your product in a way to ensure you make money. The biggest threat with anything regarding pricing is dealing with competitors. There is always going to be competition no matter where you turn in the business world and making sure to set the prices that beat out your competitor is going to be the biggest thing you can do in developing an effective pricing strategy.