It is a good idea for a start-up company to charge the lowest price in the market for its products or services.

Question

Quizplus · Accepted Answer

Pricing strategy is dependent on various factors such as target audience, competition, production costs and profit margins. Charging the lowest price may attract customers in the short term, but it may not be sustainable in the long term as it may affect profitability and perception of quality. A start-up should consider a holistic approach and evaluate various pricing strategies that align with its goals and objectives.

It Is a Good Idea for a Start-Up Company to Charge