This course provides a solid foundation in pricing strategies, exploring the critical role of pricing within marketing. Students will learn to avoid common pricing mistakes and understand the intricate balance of setting a price that benefits both the customer and the company. Topics such as costs, competitor analysis, and the psychological aspects of pricing will be covered, offering a comprehensive view of how to effectively price products and services.
What you'll learn
understand the key principles of pricing
identify and avoid common pricing errors
calculate costs including direct and indirect components
analyze competitor pricing strategies
recognize the relationship between price, supply, and demand
apply psychological concepts to pricing decisions
determine pricing strategies for different market segments