Question: When sales are low or a product performs poorly, some businesses are ready to decrease prices in order to boost revenue. Regrettably, this method has

When sales are low or a product performs poorly, some businesses are ready to decrease prices in order to boost revenue. Regrettably, this method has not always resulted in the expected outcomes. Based on your knowledge of the pricing procedure: - Discuss in detail at least five (5) variables that firms must consider when setting their product prices. - Explain at least five (5) different pricing approaches that are available to marketers, as well as when it is most ideal for firms to consider using each one of those methods.

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