Do you set the selling prices streamlining to the competitors'?

[Xtynehappy]

Most businesses would copy the prices for their competitors without making good calculations on the buying prices and other business costs.

 

[King Belieal]

The number one determinant factor of the price that you sell your products or services is the cost of production. When once that is fixed, you would now have to align it without the pricing by the competition and the general market price.

 

[Augusta]

Yes, if you want to have good sales your price should be competitive. You would gain more customers this way

 

[eLdavis]

When it comes to setting my selling price I usually find out how much my competitors are selling and at the same time if it covers my production cost.