Improve Your Ability to Set Prices
PROBLEMS indicating a need to set better pricing:
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- Customers’ insistence on greater price discounts
- Successful low-end competitors
- Third place relationships with the industry's largest customers
- New entrants to the market
- Falling price environment for the industry
SOLUTION: More Effective Pricing
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Find opportunities to improve revenues with better pricing
- Future prices and margins: Where are prices heading?
- Pricing guidelines: How can you price strategically?
- Near-term opportunities: Can better pricing improve your margins?
- Competitive responses: Will competitors respond to your price leadership?
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Use components of price to change pricing
- Alternative pricing levels: Can you get better control of price discounts?
- Components of price: Can you use more components for better pricing?
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