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What is Price Management?

Chris Kennedy-Sloane< Chris Kennedy-Sloane January 2, 2024

Price management refers to the process of setting and adjusting the prices of goods and services in order to meet the goals and objectives of a business. This can include determining the optimal price point to maximize profitability, as well as implementing strategies to respond to changes in the market and competition. Price management is a key aspect of overall business strategy and can have a significant impact on a company’s financial performance.