Determine the rate in product or service launching: Young entrepreneurs face a variety of challenges at the beginning of their business. Chief among them is 'how to determine the rate of your product or service'. However, according to the competitor in general, entrepreneurs try to determine the rate of their product. Which is not considered the right business strategy. According to experts, to determine the pricing of the product or service of Young Entrepreneur, the point of competition should be kept in mind, but if there is a basis for this only, then it will not be the right market planning. The entrepreneur should take several points into consideration when deciding on pricing. This concept is only suitable for small level startups. Those who do not have a budget except for market researchers or planners. At the same time, by estimating your revenue growth in a fixed time and according to the price of similar products available in the market, you can also decid
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