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by tankenmate
5221 days ago
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One of the major points raised is that pricing is largely elastic; i.e. raising or lowering your prices doesn't affect revenue. This may mean in some circumstances the correct price is the one that is so high that it leads to just one customer. If it is the case that the pricing for this product is highly / almost completely elastic then a high price makes perfect sense. Just look at Apple's pricing strategies. [Edit] fix grammar |
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There's a lot that goes into pricing, and most of it is not obvious at all.