competitive price analysis

https://acornmetric.com/s/UElUq31bxj9rZkLuYNo9I

Competitive price analysis involves regularly checking what similar products or services are priced at in the market, helping you adjust your own pricing to stay attractive to customers while still turning a profit. It's not about just matching the lowest price, but understanding the strategy behind competitors' pricing—like whether they use loss leaders or bundle deals—so you can position yours effectively without starting a race to the bottom. This process often includes monitoring price chan…