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The Advantages and Disadvantages of Competitive Pricing Strategy

Posted By Prisync on Business

https://blog.prisync.com - Very basically, competitive pricing strategy, also known market-oriented pricing strategy, is an approach in which e-commerce retailers set their online prices based on competition (competitors, market trends) rather than consumer demands or costs. To be successful and experience the benefits of competitive pricing strategy, retailers should have a solid intelligence gathering system in order to ...

The post The Advantages and Disadvantages of Competitive Pricing Strategy appeared first on Prisync's E-Commerce Blog.

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