Innovation Ideas – Reduce Price

To reduce prices effectively, the company makes three sequential choices:

 CHOICE 1: Select the objective of the price reduction
 CHOICE 2: Isolate segments receiving the low price
 CHOICE 3: Use the components of price to further limit the spread of the lower price

For a complete explanation of this process, or details of these steps, please review the Directions to Reduce Price to Improve Revenues and Margins.

CHOICE 1: SELECT THE OBJECTIVE OF THE PRICE REDUCTION

 A. Attract Customers Choice 2>>
  
 B. Retain Customers Choice 2>>
  
 C. Reward Customers Choice 2>>


Basic Strategy Guide Users Go To Step 24

<<Directions to Reduce Price

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