Pricing and Fear of Price

Pricing and Fear of Price

Assessment

Interactive Video

Business

12th Grade - University

Hard

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The video tutorial focuses on the importance of understanding customer value perception in sales. It emphasizes that while price is a factor, customers often seek the best value for money. Salespeople should focus on communicating the value of their products or services rather than just competing on price. Understanding the competitive landscape and the unique selling proposition (USP) of a product is crucial. Additionally, knowledge of customer psychology and negotiation skills can enhance sales effectiveness. The tutorial also highlights the importance of being confident in pricing and not apologizing for it.

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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