The six stages of setting prices should always be followed if prices are to be set correctly.

Question

Quizplus · Accepted Answer

The process of setting prices can vary depending on the company, market conditions, and specific product or service. While there are common strategies and stages (such as cost analysis, market analysis, selecting a pricing strategy, etc.), they do not always have to be followed in a strict six-stage process. Flexibility and adaptation to specific circumstances are often required.

The Six Stages of Setting Prices Should Always Be Followed