Compliance with general market trends

[Joywtome231]

That is why pricing is used when it is necessary to obtain such a final price for a service or product that would satisfy both the buyer and the seller. That is, the main goal of the process is to observe and take into account the balance of interests of clients and producers.

Corporate messenger on your server in 10 minutes
We will provide a free period. We will help you set up Compass on your servers or in the cloud. We will simplify the move and adaptation of the team.
Order a consultation
Let's consider other pricing tasks that are no less important for business:

1. Cost control. For a business to be profitable and cost-effective, the price must chile phone number list be set so that the final revenue from the sale can cover all additional costs for the production of the product and its distribution. The rule must be used correctly for each link in the chain from the manufacturer to the buyer.

2. All other things being equal, the price should not be much higher than that of competitors. If one market participant sells salt for 20 rubles and can still make a specific profit, and the second one sells it for 30 rubles, then the latter's sales volume will be significantly lower. He will not receive the maximum benefit, and his profitability will decrease.

3. Increased profit. Any company wants to make a profit. To do this, it tries to sell goods as expensively as possible, but at the same time focus on the ratio of supply and demand. Dynamic pricing allows you to determine what price can be set so that demand does not decrease.

4. Increasing sales volume. If the company's goal is to sell as many products as possible in a short time, then it is necessary to review the price and try to reduce it. But not below the level of production cost. In conditions of price competition, such methods as promotions or discounts are suitable.