Companies spend ____ on pricing decisions.

Question

Quizplus · Accepted Answer

Many companies tend to spend too little time on pricing decisions, often relying on simplistic cost-plus pricing methods or just following their competitors' pricing strategies without much analysis or differentiation. Proper pricing requires a good understanding of customer needs and behaviors, competitive dynamics, cost structures, and value propositions, and should be regularly reviewed and updated to align with changing market conditions and strategic priorities.

Companies Spend ____ on Pricing Decisions