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10 Leading Strategies for Pricing New Products (2021)

Retalon

Balancing the tradeoffs and identifying the best pricing strategy or combination of pricing strategies has always required deep retail management expertise. But in today’s dynamic and data-rich retail environment, leading retailers are leveraging the power of AI to deliver more powerful insights into pricing strategies.

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Pricing Strategies Explained: Which One is Right for You?

Wiser

When a new product enters the market, retailers will take a look at competitors selling the same or similar products and see what their prices are. This will largely determine the products’ starting price regardless of things like product costs or consumer demand. For example, a product that is priced at $29.95