Proper pricing is a balancing act,walking between a high enough price to cover profit margins and convey the right image and low enough to attract customers.

Question

Quizplus · Accepted Answer

Proper pricing requires finding a balance between setting a price that is high enough to generate profit margins and create the desired brand image, while also setting a price that is low enough to attract customers. This means that pricing is indeed a balancing act.

Proper Pricing Is a Balancing Act,walking Between a High Enough