Question: Before negotiating prices with suppliers and setting prices for your own products, it is necessary to analyze the various pricing methods that companies commonly employ.

Before negotiating prices with suppliers and setting prices for your own products, it is necessary to analyze the various pricing methods that companies commonly employ. Provide examples of suppliers or industries that are currently utilizing a price volume model, market share model, competition pricing model, and revenue pricing model. Clearly describe each supplier or industry and explain why you feel they use that specific pricing methodology. Then, describe your own company and for one of the products, and analyze which pricing methodology would fit best. Are they currently using the methodology you picked?

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