Marketing - What is the RIGHT Price for a Product?

The video tutorial discusses the key factors marketers must consider when setting the price of a product. These include production costs, strategic goals, delivery costs, taxes, tariffs, and legal regulations. Each factor plays a crucial role in determining the right price to ensure profitability and market competitiveness. The tutorial emphasizes the importance of careful consideration of these elements to avoid common pricing pitfalls.

What factors should be considered when determining the right price for a product?

How do production costs influence pricing decisions?

What role does delivery cost play in setting a product's price?

Why is it important to consider taxes and tariffs when pricing a product?

What legal issues might affect how a product's price is determined?