What Is a Competitive Pricing Strategy?

Competitive pricing is all about selecting the prices strategically for your goods and services depending on the competitor pricing in your niche. It is not solely based on the business cost and profit margins. Competitive pricing is used by companies that sell similar products in the same market as theirs that too for a long period. Therefore, the prices of these products reach a level of equilibrium. WebDataGuru is one of the experts in providing competitive pricing intelligence solutions to varied clients.

Competitive Pricing Strategies

The competitive pricing intelligence strategy can be applied to the business in the following ways:

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