1- 1) How does an organization’s competition affect its pricing strategy? Be sure to identify specific examples.
2- 2) What factors differentiate a product and a service? How do these factors affect the marketing of products and services?
1- How does an organization’s competition affect its pricing strategy? Be sure to identify specific examples.
All businesses have to do their best to remain ahead of competitions. Since health care is a business they too must come up with strategies to help staying ahead of all competitors. One way for health care to do that is by coming up with better pricing for the services they provide. Pricing usually help determine the level of control an organization have over their competitor’s price. According to Griffin at Demand Media (2012), an organization’s price relationship to its competitor falls into one of four cat