Examlex
Product positioning starts with company engineers or product managers,not target customers.
Flexible-price Policy
A pricing strategy where the selling price of a product or service can fluctuate based on market conditions, competition, and consumer demand.
Target Pricing
Target pricing is a pricing strategy where the selling price is determined by estimating a competitive price in the market and working backward to calculate costs, aiming for a certain profit margin.
Price Cutting
A strategy where a company reduces the prices of its goods or services, often to attract more customers or compete with rivals.
Product Class
A broad category of products that serve a similar function or are marketed in a similar manner but vary in features, quality, and price.
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