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New Innovation and Idea | Business Administration | India | Volume 14 Issue 1, January 2025 | Popularity: 7.4 / 10
Setting the Right Price: A Quality-Based Approach to Maximise Sales and Customer Satisfaction
Arun Nagappan T
Abstract: The purpose of this paper is to find a method to set an optimum price for a product. This method involves setting the price of a product based on its quality. This method involves rating the quality of a product based on certain specifications and setting a profit margin on the product which may be able to attract maximum sales. This paper helps find a solution to setting a price that will satisfy the customers based on the product's virtues.
Keywords: Quality, Price, Product, optimum
Edition: Volume 14 Issue 1, January 2025
Pages: 914 - 915
DOI: https://www.doi.org/10.21275/MR25121083440
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