What is Competitors Pricing Method ?

Pricing Menu Items Homework Help ANSWER TO THE ABOVE QUESTION Competition based pricing is a price set by a company for a product to compete with another company's pricing. Production and distribution costs are ignored to drive demand towards another brand. This method of pricing can cause a long-term decrease in product perception and decrease a product's value for future profits Read more: http://wiki.answers.com/Q/What_is_Competition_Based_Pricing#ixzz1a6jwxkTM