Manufacturers can regain some control over the price their products are sold for at the retail level by:______

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22-07-2022
Social Studies

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Manufacturers can regain some control over the price their products are sold for at the retail level by:______

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smecloudbird18 smecloudbird18 · Answer 1 · 2022-07-27T18:19:32+02:00

Manufacturers can regain some control over the price their products are sold for at the retail level by providing quality and value, avoiding trading with discount, franchising, and increasing consumer brand loyalty by using an exclusive distribution system for retail products.

Manufacturers face their own pricing difficulties. The challenge is to accurately estimate the constantly changing products and the fair market price / value of those products. Manufacturers need to understand the different types of costs and their behavior. Up-to-date knowledge of market conditions is also essential. Best-selling prices should be cost- and market-oriented. It must be high enough to cover costs and make a profit.

Know more about market pricing here

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