michael is a sales rep for a steel manufacturer. he is talking to a customer about the new pricing strategy his firm is using which will save his customer money when he substitutes the steel from michael's company for the steel they currently use.what type of pricing does this represent?

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06-12-2022
Business

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michael is a sales rep for a steel manufacturer. he is talking to a customer about the new pricing strategy his firm is using which will save his customer money when he substitutes the steel from michael's company for the steel they currently use.what type of pricing does this represent?

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smecloudbird17 smecloudbird17 · Answer 1 · 2022-12-12T19:55:13+01:00

Michael works as a sales representative for a steel manufacturer, and the value-in-use pricing is represented here.

Pricing is the process by which a company determines the price at which it will sell its products and services, and it may be part of the company's marketing strategy.

The most important pricing goal is to maximize your company's profitability, whether in the short or long term (but preferably both). Pricing should also consider the desire to retain customers, increase the number of customers and extend the customer lifecycle, and outperform the competition.

To know more about pricing, click here.

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