List five disadvantages of using a low-pricing strategy

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Question: There are various ways to set the price of a business' products and/or services. Instructors can argue why new entrepreneurs shouldn't offer the lowest price while providing the highest quality product until their faces turns blue. Many may argue prices should be based on the value that businesses provide to their customers. Help new entrepreneurs learn the foregoing two arguments by completing the following: List five disadvantages of using a low-pricing strategy and five advantages of using a value pricing strategy.

Reference no: EM133331290

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