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Your Pricing Policy and Profitability

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The pricing policy you use in your business is an important factor when it comes to overall profitability. Selling goods at the highest possible profit margin does not necessarily generate the maximum profit. The maximum profit is the result of many factors including sales volume, product cost, operating costs and, of course, price.

Although increasing price may result in a decrease in sales volume, this approach may actually generate a greate...

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For a more thorough explanation of how to develop your pricing plan including examples and the 3 primary sales strategies most businesses use to develop a profitable pricing strategy visit the Top Business Resources Site.

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