Question 1

What is strategic pricing?

Accepted Answer

Strategic pricing is setting product or service prices based on market conditions, costs, and customer value to maximize profits.

Question 2

Why is pricing important for sustainable profits?

Accepted Answer

Pricing affects revenue and customer perception, helping businesses stay competitive and profitable over time.

Question 3

What are the core principles of pricing covered in this module?

Accepted Answer

The module covers value-based pricing, cost analysis, competitor pricing, and customer behavior insights.

Question 4

Do I need prior knowledge of pricing to take this module?

Accepted Answer

No, this module is designed for beginners to learn fundamental pricing strategies easily.

Mastering Strategic Pricing for Sustainable Profits - Module 1: Core Princi