How to Increase Your Margin. Make Sure Your Pricing is Correct!
Beyond Philosophy
AUGUST 5, 2021
All businesses must decide how to price their product. For most companies, the pricing process involves determining your costs and marking them up to make enough profit to keep the lights on. However, is there a difference between pricing for service and pricing for a product? . Unfortunately, the answer is an unsatisfying “it depends.” Before I take a deeper dive into this answer, perhaps I should first define the difference between a product or service.
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