Trying to be the lowest price provider is considered a pricing mistake because it can lead to a price war with competitors, which can erode profits. It also risks devaluing the product in the eyes of consumers, who may associate a lower price with lower quality. Furthermore, it can be unsustainable in the long run as it may not cover the costs of production, leading to financial losses.
Take the most advantageous pricing approach to increase profitability of your organization. Use our...
Download template