The price is what brings in revenue and profits for businesses and generate costs for clients, price is a component of the product according to the customer's perspective. Every manufacturer of business when it launched the brand to the market, they have to price for that product. In the marketing mix, the price is the only factor to generate revenue, while the remaining elements create costs for business.Pricing strategy is the selection of the price to sell the product on the market. This is based on the full analysis on relationship of supply-demand, likely in the pay of the target customers. pricing strategies are closely related with positioning strategies of the enterprisesThere are many factors that affect pricing strategy of a product and the price of the product will also change according to the lifecycle of it, including the pricing of a new product really is a challenge for any business would. In view of today's marketing experts, the pricing for a new product can be done in two different strategies:
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