Setting the Right Price: A Quality-Based Approach to Maximise Sales and Customer Satisfaction
Abstract: The purpose of this paper is to find a method to set an optimum price for a product. This method involves setting the price of a product based on its quality. This method involves rating the quality of a product based on certain specifications and setting a profit margin on the product which may be able to attract maximum sales. This paper helps find a solution to setting a price that will satisfy the customers based on the product's virtues.
Keywords: Quality, Price, Product, optimum
How to Cite?: Arun Nagappan T, "Setting the Right Price: A Quality-Based Approach to Maximise Sales and Customer Satisfaction", Volume 14 Issue 1, January 2025, International Journal of Science and Research (IJSR), Pages: 914-915, https://www.ijsr.net/getabstract.php?paperid=MR25121083440, DOI: https://dx.doi.org/10.21275/MR25121083440