In this article, we’ll take a look at Best price, a term that refers to a price that a seller will not go lower than. It’s an important concept to understand when it comes to negotiations and closing deals. In addition to understanding what Best price is, it’s also useful to have a variety of tools and strategies to compare prices online. For example, there are multiple sites that can help you track prices and get email alerts when items are on sale. These include sites like Amazon and camelcamelcamel, as well as browser extensions that can highlight discounts and coupons.
In the context of Medicaid, Best price refers to a pricing policy that requires manufacturers to offer state Medicaid programs the same or better discount than any other purchaser for drugs it offers (with certain exceptions). Some stakeholders worry that a shift to value-based purchasing arrangements may erode the MDRP’s “best price” guarantee. For example, AARP worries that manufacturers might work to reduce their rebates under value-based purchasing arrangements with private insurance companies and commercial payors.
One way to approach the topic of Best price is to start by listening to your customers and understanding their needs. When they ask for your best price, avoid the temptation to stall by saying something like, “Well, I need to know more about what you’re looking for first.” This can come across as evasive and send the message that you don’t care about meeting their needs. Instead, listen attentively to their needs and provide options that would meet those needs – even if those alternatives are not within their budget. Best price