PPT-Pricing Decisions and Cost Management

Group 8 QIU Jiayue 15432246 YE Ying 15415295 MA Yanpei 15408418 ZHANG Liqing 15408434 ZHAO Lu 15430650 YAO Siyun 15411435. for . “. the people’s car. ”. Presented by. :. Dr. Amrita . Singh. Alok. Kumar. Ajay Singh. Anushree. . Pandit. Gaganbir. . Kaur. Jatin. . Saxena. Jyoti. Ishrat. . Batool. Team - Brazen. Development of a One . 1. Costing and Pricing Workshop. Organised by Finance and GRE for University of Greenwich staff. Costing and Pricing workshop - SPRING 2011. 2. Research Team, Greenwich Research & Enterprise. Our aim is to..... Chapter 19. Pricing. Price. Barter. Price equation. What is Value?. Value= Perceived benefits/cost. Value-pricing. Do higher prices= Better products?. Profit= Total Revenue- Total Cost. Pricing Process. Pricing of bids. Module 6 session six. Interpret the bills of quantities for appropriate . pricing. Practice pricing of bidding documents . Use . scenarios to . determine . revenue and profitability of a contract . – Adult . Hotel pricing is based on an average cost of $100.00 USD per night for 6 nights. (divided by quad occupancy). *The pricing generated for gas and parking projections are based on the expenses of a Dodge Grand Caravan split between the 7 available seats.. What is the best price for my product?. What is the perceived value of the good or service by the customer? . Are there any similar products on the market? . What price is the competition asking?. Pricing Questions. Pricing Process. Step 4: Select an Appropriate Price Level. Demand-Oriented . Cost-Oriented. Profit-Oriented. Competition-Oriented. Demand-Oriented. Price Skimming. Penetration Pricing. Prestige Pricing. Customer Profitability Analysis, . and Activity-Based Pricing. Slide 8-. 2. Pricing Decisions. Pricing decisions are often the most difficult decisions that managers face. Pricing decisions examined in this chapter include. Chapter 20. 1. Learning Objectives. 2. Describe and identify information relevant to business decisions. Make special order and pricing decisions. Make dropping a product and product-mix decisions. Make outsourcing and sell as is or process. PART 7. Pricing Decisions. Chapter 18. Pricing Concepts. Copyright ©2017 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.. Outline the legal constraints on pricing.. Identify the major categories of pricing objectives.. Explain price elasticity and its determinants.. List the practical problems involved in applying price theory concepts to actual pricing decisions.. What is Price?. The value in money . (or it’s equivalent) . for the exchange of . a good or service.. psychological impact. . of pricing. Psychological impact of pricing is the customer’s emotional response to the price. The concept of product pricing is very significant and plays a decisive role in the field of marketing. A manufacturer has to take pricing decision before bringing the product in the market. The market demand, consumer support, margin of profit,... (20 marks). Pricing methods and strategies. General considerations and objectives of pricing policy.. General consideration for pricing policy.. What is a price?. -- price is the amount of money charged for the good or service..