Maximizing Customer Spending through Strategic Pricing

Maximizing Customer Spending through Strategic Pricing

Assessment

Interactive Video

Business

Professional Development

Hard

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The video discusses the importance of pricing strategy in business, emphasizing starting with small investments to build customer trust and gradually increasing their spending. It introduces the concept of pricing tripwires, which encourage customers to make initial small purchases, leading to larger investments. The video highlights the need to add value at all business levels to facilitate customer growth.

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1 questions

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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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