Why is finding and implementing the right pricing strategy critical to a company’s success? Give an example of a product or service you think is priced well and why.

Please Answer the following questions in three to four paragraphs with APA answers.
Week 4: Pricing and Analysis
1Why is finding and implementing the right pricing strategy critical to a company’s success? Give an example of a product or service you think is priced well and why.

2What is cost-based pricing? How do companies use fixed and variable costs in cost-based pricing models?

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