Pricing the product is important because it is a key factor in the decision to buy.

Question

Quizplus · Accepted Answer

Pricing plays a major role in the purchase decision of the consumer. It is important for a company to price its product appropriately to attract customers and generate profits. The price should be competitive and justify the quality and features of the product. A high price may lead to the perception of the product being too expensive, while a low price may create the perception of low quality.

Pricing the Product Is Important Because It Is a Key