Product Pricing Strategies
The following are descriptions of standard pricing strategies.
MSRP (Manufacturer’s suggested retail price)
Low Price, High Volume
Increasing prices for products and services based on an improvement in product quality, and/or additional features and services provided. The idea is to increase profits through selling products and services at higher margins, even though volumes may be less.
To learn how to price for profit, download our Pricing for Profit Inspection Guide.
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Access your Strategic Pricing Model Execution Plan in SCFO Lab. The step-by-step plan to set your prices to maximize profits.
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Product Costs vs Period Costs
Segmenting Customers for Profit