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Company follows the mentioned steps in pricing a product:
1) Selecting Pricing objective : Classmate objective is to maximize market share
2)Determines the demand
3)Estimating cost
4) Analyzing Competitor Cost
5)Selecting a pricing method: Classmate adopts perceived value pricing
6)Selecting the final price
Company follows the mentioned steps in pricing a product:
1) Selecting Pricing objective : Classmate objective is to maximize market share
2)Determines the demand
3)Estimating cost
4) Analyzing Competitor Cost
5)Selecting a pricing method: Classmate adopts perceived value pricing
6)Selecting the final price
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