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Name and Explain the Three Basic Pricing Strategies a Small

question 113

Essay

Name and explain the three basic pricing strategies a small business owner has in establishing a new product's price.


Definitions:

Receiver

In communication, the individual or entity that receives, interprets, and possibly responds to a message sent by another.

Encode

The act of converting ideas into a communicable form, such as language or gestures, during the communication process.

Intended Meaning

The meaning or interpretation that a communicator aims to convey to the listener or reader.

Feedback

Communicates how one feels about something another person has done or said.

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