Description
Online | Duration: 5 | Work on All major devices and browsers | Access: Lifetime
Qualification To Achieve: | Exam: Yes
Setting the correct pricing can result in a host of important business implications. Evaluating the pricing for your product is not only important from the point of view of profits, but also with how it fits in with your marketing strategies. Charging a fair price for your product or service involves evaluating perceptions and understanding the market. Several factors play a role in deciding the pricing of your product including competitors’ rates, your experience and brand name, value perceptions and negotiated rate and so on.
In fact, many small businesses leverage pricing to change market share, generate revenue and compete in the market. Pricing is much more than justifying the bottom line; it can help establish your market position and help set the stage for future business strategy.
The course on pricing strategy covers the following topics:
By understanding pricing strategies and tips, you put yourself in a better market position and can plan for future diversion or expansion.
