is Price matching a must in business?

cherry123 · Nov 12, 2023

Business owner needs to know that match pricing is really important to customers. The truth is that If a customer find a product for a lower price any where else , they will bound to go elsewhere to make a purchase. So with this it shows that offering price matching to a product is a must. Bottom line is that it’s good to match a price than lose a customer.

what do you think?

Stardom22 · Jan 26, 2024

As far as l am concerned, l think that the price matching is very must in business. This is because the competitors are usually checking on the prices of one another for the battle for winning of the customers.

aovurevu · Jan 26, 2024

cherry123 said:
Business owner needs to know that match pricing is really important to customers. The truth is that If a customer find a product for a lower price any where else , they will bound to go elsewhere to make a purchase. So with this it shows that offering price matching to a product is a must. Bottom line is that it’s good to match a price than lose a customer.

what do you think?

You are very right , business owners need to regulate the prices of their goods to ensure that it is of market price and not too higher than the rest while maintaining the quality of the product , in order to attract customers.

cherry123 · Jan 27, 2024

cherry123 said:
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Yes with pricing it is about maintaining the quality of the product , in order to attract customers. business owners need to regulate the prices of their goods to be in tandem with others

olaniyi · Jan 27, 2024

You are right but in make a price matching you should not consider the customer side alone but you have to consider the price that will also bring a profit for you

Stardom22 · Jan 28, 2024

cherry123 said:
Yes with pricing it is about maintaining the quality of the product , in order to attract customers. business owners need to regulate the prices of their goods to be in tandem with others

The price matching really helps the businesses to regulate and maintain the selling prices with the existing businesses on the same industry. This would indeed creates a balance on the market share for the available businesses.

Fidelia · Jul 30, 2024

At every point in time, a business person must always get information on the prevailing market price so as not to look exploitative.

is Price matching a must in business?

cherry123

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Stardom22

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aovurevu

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cherry123

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olaniyi

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Stardom22

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