Competitor-based pricing approach may be more beneficial

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Pricing against a competitor is very common. However, this approach can have significant problems. 1) what are the advantages of competitor-based pricing? 2) what are the potential problems using the competitor-based pricing exclusively of other approaches? 3) identify a few industries where using the competitor-based pricing approach may be more beneficial. Why did you select this industry?

Reference no: EM132092610

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