Reading Check: What strategies did leaders of different industries use to maximize profits and reduce competition?

To maximize profits and reduce competition, a good pricing strategy is required for the products that are offered by the company. In order to base a pricing strategy, it is necessary to search the relationship between supply and demand of the product in question, the result of this research together with the evaluation of fixed and variable expenses for the production of the same product is the basis for finding a price less than the competition, which pays production expenses and generates profit