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Describe what you believe the ideal company for this policy

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Reference no: EM133591266

Question: For each of the pricing policies listed below, find and provide an example of a company that employs each specific policy. Briefly summarize the company and why you believe the company has chosen this policy. If you cannot find an acceptable example, describe what you believe the ideal company for this policy would be. After completing these examples and descriptions, please answer the follow-up questions at the end. Competitive Pricing Policy With a competitive pricing policy, companies price their products based on what their competitors are charging. To implement such a policy, companies must research products already on the market that are similar to their own. Once they've familiarized themselves with the prices of these competing products, companies will then set a price for their own products that is either the same or lower than their competitors' products.

Reference no: EM133591266

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