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What do you mean by Pricing objectives?
The term pricing objectives deals with the process of pricing for a product or service. It gives an actual direction of pricing objects in a proper way. The important four objectives are considered as the main goal for deciding an actual price. This are-
- A complete marketing, financial as well as strategic objectives of a firm or business.
- Brand of an objective.
- Price points as well as elasticity of price for a customer.
- Some resources are also important.
A few examples are growing of sale volume, short run profit, stock availability, an exact rate of return of a business target, matching market price and much more. These all are known and followed by a business to acquire the stability. Henceforth, every objective is important for a business and each business have its own strategy to give a best competition in the market with its best price for its consumers.
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