Explanation:
Strategic Pricing is being constructed to enlarge the share of profit in market and to sell the product or service more than the rival firm. The basic motive for strategic price is to attain more profitability in market. When firm set the target on gaining certain profit level and they also want to restrict entry of more new firm in market they set the pricing strategy to achieve all that set target. This strategic pricing is the motive to gain the more competitiveness in market so that no firm can affect the business and profitability of that firm. Pricing the influential element of the company and that help company to gain an advantage over other firms.
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