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. Handbook for the Oil . & Gas Industry. August 2012. All materials, content and forms contained in this handbook are the intellectual property of TPA, and may not be copied, reproduced, distributed or displayed without TPA's express written permission.. SUBJECT. : . . ECONOMICS AND MANAGEMENT. DEPARTMENT :EC . SEM:3. rd. PREPARED BY: . PARIHAR SHIPRA A. (130500111012). PARMAR KINYARI P. (130500111013). PATEL DHARA H. (130500111014). GUIDED BY: . 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. 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. 10: . Product, Branding, and Packing . Concepts. 11: . Business Markets and Buying Behavior. 12: . Developing and Managing Prices. 13: . Marketing Channels and Supply-Chain . Management. 14: . Retailing, Direct Marketing, and Wholesaling. 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.. Price and Cost Analysis. CHAPTER OUTLINE. Introduction. Price Determination. Objective, Process and Factors. Price Analysis. Variables that influence an item’s price. Cost Analysis. Techniques : cost-based, break-even . Venue: CMA . Bhawan. CMA. P.PRAKASH. Which . information system can provide answers for these questions?. Is . your firm more or less profitable than your major competitor firms?. Do you generally have higher or lower prices than these firms, for equivalent product?. 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,... International Management Accounting. Prof. Dr. Marc Beutner. TH Köln. 2. nd . Lecture. SoSe. 2024. Prof. Dr. Marc Beutner. Lehrstuhl Wirtschaftspädagogik II. Prof. Dr. Marc Beutner. Lehrstuhl. Wirtschaftspädagogik II -. How will your business make money?. Why is pricing an important decision for startups?. What is the link between prices and revenue?. Every firm needs a revenue strategy.. Profits = Revenue – Costs. (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..