Answer to Question #266736 in Marketing for Tee

Question

Price setting guidelines you need to consider when setting a price strategy for CBD oil market in SA market

Answer 1

The price setting guidelines that one needs to look into when setting a price strategy for CBD oil market in SA market are:

1. Developing pricing objectives
2. Evaluating the target market’s assessment of price
3. Evaluate the competitor’s prices
4. Choosing a basis for pricing
5. Choosing a price strategy
6. Determining a specific price