Policies and strategies

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Policies and Strategies Student’s Name Student ID Professor’s Name Course Title Date of Submission Introduction Victory consulting business deals with many issues that affect businesses. The company seeks to assist companies so that they can succeed in the businesses. This company offers a variety of consulting services including pricing strategies and policies, forms of businesses, budgeting staffing and many others. Many companies come with business issues that this company where the company offers effective help through professional advice. A local consumer electronics company that deals with the production of mobile phones and computers is facing a problem in regards to pricing its products. This company has been losing its customers to top competitors since its prices are higher compared to other similar firms in the industry. The firm is a small business that wants to establish itself in the market. The company has come seeking for advice so that it can determine the most competitive price so that it can price its products well for increased sales. Pricing Policy This company needs to ensure that its prices are better than those of competitors. The price needs to include all the expenses associated with production, shipping and other costs. There are numerous factors that the company needs to consider before establishing its prices. First, the prices of competitors need to be known so as to ensure that a price is set that is conversant with the market rates. Customers tastes and preferences of the products need also to be determined to ensure that prices suit these needs. The willingness of customers to pay for the company's

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