The best pricing strategy for a small business owner to follow is to charge the manufacturer's suggested retail price.

Question

Quizplus · Accepted Answer

The best pricing strategy for a small business owner is to conduct market research and consider factors such as the target audience, competition, and cost of production before deciding on a pricing strategy. While the manufacturer's suggested retail price can be a helpful starting point, blindly following it may not always be the most profitable option for the business.

The Best Pricing Strategy for a Small Business Owner to Follow