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Which of the following is key for maximizing your profitability through pricing? Understanding what your product is objectively worth and setting that as the price

Which of the following is key for maximizing your profitability through pricing? Understanding what your product is objectively worth and setting that as the price point Understanding what competitive products are selling for in the market Having the highest prices possible so you make a greater profit on each sale Having the lowest prices possible so more customers purchase your product

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