What are some of the differences between demand influences and supply influences on our pricing decisions?
Increased prices typically result in lower demand and vice versa. However, this is not always the case. Identify a product in which a price increase or decrease resulted in the opposite demand and explain the factors why.
After reviewing this week’s resources and your research, consider the challenges marketers face as they seek to balance supply and demand.
In 350 words
Week Resources:
How to price your product: 5 common strategies. Link https://www.bdc.ca/en/articles-tools/marketing-sales-export/marketing/pricing-5-common-strategies
How to choose a pricing strategy for your business https://quickbooks.intuit.com/r/pricing-strategy/6-different-pricing-strategies-which-is-right-for-your-business/
Sample Solution
