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sáb 29 de abr

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Midland

Pricing Model Strategy

Currently and unfortunately, most common pricing strategies deployed are without more worthy intentions and, in most cases, leave money behind. This Topic includes a FREE online Course with Mentorship when purchased.

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Pricing Model Strategy
Pricing Model Strategy

Horario y ubicación

29 abr 2023, 10:00 – 12:00

Midland, 3107 N Big Spring St, Midland, TX 79705, USA

Acerca del evento

A pricing model strategy establishes the “best price” for a product or service. The objective is to determine and maximize profits and shareholder value while correlating with market demand. Materializing the plan enables the differentiation of various pricing methodologies across distinct market segments. The outcome should pinpoint higher profitability targets, create significant competitive pressures, and impact a company’s approach to pricing.

The results are critical to advancing profitability, growing customer interest, and increasing revenues. In a recent Mckinsey study, “1 percent change in pricing could result in an 8.6 percent change in profitability.” Although customers’ perspectives are relevant to the price that justifies value, low pricing indicates low quality and less value. Customers often associate less expensive products or services with the word “Cheap.” The value-based price strategy is to sell at higher prices to ensure proper margins. The process requires a unique perception of the value of goods or services to determine the equilibrium between customers’ perspectives and willingness to purchase.

Entradas

  • Pricing Model Strategy

    The outcome should pinpoint higher profitability targets, create significant competitive pressures, and impact a company’s approach to pricing.

    USD 45.00
    Comisión de servicio: +USD 1.13
    Venta finalizada

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