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In this session, we will discuss price adaptation strategies, which are the practical implementation of market chosen prices. Companies typically do not set a single price but rather develop a pricing structure reflecting various considerations. While it may seem like companies have a fixed price for all products, in reality, the pricing structure is developed based on pricing policies and may be modified due to discounts, allowances, and promotional support. Companies rarely achieve the same profit from each product sold if using a single price strategy.
