“Are we under-pricing?”, “How much should we charge for our product?, “Should we
price higher than our competitors?” - Do these questions sound familiar?
A 2019 pricing study done by McKinsey & Company
[https://www.mckinsey.com/business-functions/marketing-and-sales/our-insights/pricing-distributors-most-powerful-value-creation-lever]
observed that a 1 percent price increase would yield