Describe steps to set an initial price for a product or service

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Setting a price for a service or product can be very difficult. Patients are now checking to see prices on certain non-emergent services before having them performed. Patients also check prices on medications before they have prescriptions filled. What are the different methods and seven steps for setting an initial price for a product or service?

* Identify different methods to set an initial price for a product or service.

*Describe steps to set an initial price for a product or service.

 

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