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Using Dual Pricing to Your Advantage
Creating a dual pricing program for your company requires three key components. These include a compliant solution for brokerage order systems, paying customers based on their ability to pay, and running a true, honest and transparent dual pricing program.
Paying customers based on their ability to pay

Using dual pricing to your advantage will help you attract a wider variety of consumers. It also will allow you to control how many units of your product or service are sold. POS will keep your business from falling into the trap of a declining consumer base. Similarly, dual pricing will help you to eliminate the costs associated with accepting payments.

A dual price system is a two-tiered pricing system whereby the cheapest and highest-priced goods are sold to lower-income customers while the highest-priced and most expensive goods are sold to higher-income consumers. The dual-price system makes sense on the basis that consumers are more likely to buy a product that is cheaper than the higher-priced version. The dual-price system is also known to increase profits by a hefty margin.

Although dual pricing isn't for everyone, it can pay off for business owners. POS -price system is one where the company or merchant retains 100% of the money paid for goods or services.
Legality of dual pricing in certain markets

Depending on the nature of the product, companies may set different prices in different markets. This may help to offset the extra costs of doing business in these markets. It can also help to build reputation and brand awareness.

Dual pricing can be a legal tool when used for legitimate reasons. However, when used to drive competitors out of the market, it can be a violation of competition law. In POS , the manufacturer or distributor is required to justify the pricing decision.

Dual pricing can be used to increase market share by taking prices lower than competitive competitors. If the pricing is based on demand, then it will meet Article 101(3) criteria. Alternatively, it can be used to drive out competitors, which is a violation of Article 101(4).

Dual pricing is most often a tactic used by manufacturers to take market share away from competitors. In addition, it can be used to make a splash in a new market.
Three things needed for a business to run a true, Honest and Transparent dual pricing program

Creating a true, Honest and Transparent dual pricing program requires a few things. First of all, you must be transparent about your product and service. This will encourage customers to trust you and give you repeat business. It also allows you to establish a reputation for offering excellent customer service.

The second thing is to build a team of motivated employees. This can be done by creating a genuine relationship with your staff, and holding them accountable. You should also give them adequate time to complete tasks, or even let them transfer to another team.

POS is to be accessible and approachable. Being able to schedule meetings and phone calls can be beneficial to all parties. It helps you to meet deadlines, and it also gives people the sense that you respect them. You may also want to consider scheduling meetings outside of the office. This is better than having them in the office, since you can finish earlier.
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