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Pricing - o Also when you know your competition cannot...

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Pricing - The objective of pricing: o Profit - How would you go around to setting a price? o Assumptions made: Availability Loyalty The income of the potential customer - Not text related. Consider EVERYTHING and all other alternatives before you have to reduce price o Because when you reduce price, that reduction comes from your profit
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Unformatted text preview: o Also when you know your competition cannot follow you in terms of pricing.-Rule of the demand curve is just an assumption and you have to be fucking retarded to think that shit happens all the time.-Elasticity o...
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