1 Answer - Sort by: Date | Rating
A pricing plan is designed to determine the exact price that a product or service should be marked at for it to be successfully sold in the market. Many companies have gone bust because they have had a great product, but a very poor pricing plan. A pricing plan is basically a strategy that results in the fixing of a set price for a product or a service based on a number of external and internal factors. The pricing plan would take into account all these factors and their impact on the success or failure of the product to fix a proper price to the product or service in question.
There are a number of factors that go into devising the accurate pricing plan. These include external as well as internal factors. External factors include the target audience to which the product or service will be offered, the buying power of the target audience, the pricing of other similar products or services in the market, etc. Internal factors include the profit margin that the company is looking at, the brand value of the company, etc.
There are a number of factors that go into devising the accurate pricing plan. These include external as well as internal factors. External factors include the target audience to which the product or service will be offered, the buying power of the target audience, the pricing of other similar products or services in the market, etc. Internal factors include the profit margin that the company is looking at, the brand value of the company, etc.
0
0
- What Is Java?give Me Introduction?
- What Does "Routes To Market" Mean?
- The Security Issues That Both Organisations And Customers Should Be Aware Of When Engaging In E-commerce Activities?
- Where Is Nat West Sort Code 01-07-71?
- Outline The Features, Application And Social Implications Of Networked Organization Model?
- How To You Define The Public Services?
- How To Create Value From International Operation?
- What Does The Word Enterprise Mean?
- What Are The Objectives Of Letter Of Application?
- How Do I Write A Letter To Appeal For Funds From Embassies?
- Can You Tell Me About Franchise Mean And Example?
- What Factors Determine The Choice Of A Particular Depreciation Method?
- If The Total Debits Do Not Equal The Total Credits In The Trial Balance, What Is The First Step That One Should Take?
- What Are The Different Dividend Policies?
- How Can Tourism Create Employment?
- The Assets And Liabilities Are Arranged In Groups, Think They Are Similar, And Is It Right? And Why?
- As A Marketing Manager Of A Manufacturing Company, What Will Be My Managerial Function?
- Why Is Aliminum Good?
- What Is The Importance Of The LBB?
- What Is Norway's Main Export Markets?
- What Are Norway's Main Export Markets?
- Is Foreign Exchange Banker And Broker Same?
- What Is The Use Of Er Modeling?
- What Are The Challenges That Young People Face Today?
- How To Delete A Company Info In Tally?

New Comment - Comments are editable for 5 min.