Pricing is an Art and Science, Are you Getting it Right?
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Pricing is an Art and Science, Are you Getting it Right?
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In this episode, Scott discusses the complexities of pricing in business, emphasizing that it is both an art and a science. He explores the psychological aspects of pricing decisions, the impact of tariffs on market anxiety, and the importance of effective communication with customers regarding price changes. Scott also highlights the significance of understanding customer segments to enhance profitability and the need to learn from customer losses. He concludes with insights on focusing on profitability as a core business strategy and shares valuable lessons learned from his experiences.
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