The psychology of pricing is a really fascinating subject. Well, it's fascinating to me. If you sell a commodity product, then you don't really have much control on that front - the "market" sets the price, your competitors and you play a little dance, raising it here and lowering it there, seeing which sticks.
How do you set your prices?
How do you set your prices?
How do you set your prices?
The psychology of pricing is a really fascinating subject. Well, it's fascinating to me. If you sell a commodity product, then you don't really have much control on that front - the "market" sets the price, your competitors and you play a little dance, raising it here and lowering it there, seeing which sticks.