Week 41 Day 4 Action Items

Day 4

• [ ] Evaluate your current pricing model and margins.
• [ ] Explore different pricing strategies and their implications on profit.

Review Current Pricing

Choose a section of your inventory (a product line, category, etc.) and review the profit margin for each product. Is there an opportunity to adjust prices for that product? Research competitive options and determine if your current pricing structure is still working.

Reflective Question: Which products did you evaluate? What changes in pricing will you implement?

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