Market Research Is Not a One-and-Done Process

Market Research Is Not a One-and-Done Process

Investopedia defines market research as “the process of evaluating the viability of a new service or product through research conducted directly with potential customers.” It also ” helps a company define its target market and get opinions and feedback...
Service Pricing Is Different from Product Pricing

Service Pricing Is Different from Product Pricing

If you are responsible for pricing in an OEM business, you have three major revenue streams: finished products, spare parts, and services and service contracts. In the life science business and a few others, most of your income and profit comes from selling a fourth...