Cost and Economics in Pricing Strategy
Completed by Eric Adlard
March 19, 2020
12 hours (approximately)
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What you will learn
How to apply knowledge of basic economics to make better pricing decisions
How to recognize opportunities for price discrimination and recommend strategies to maximize sales and profits
How to calculate three types of price elasticities to determine the impact of price on demand
How to analyze and apply different pricing models, including: cost-plus pricing, marginal cost-plus pricing, peak-load pricing, index-based pricing.
Skills you will gain
- Category: Revenue Management
- Category: Market Dynamics
- Category: Demand Planning
- Category: Cost Accounting
- Category: Regression Analysis
- Category: Consumer Behaviour
- Category: Economics
- Category: Marketing Channel
- Category: Supply And Demand
- Category: Cost Benefit Analysis
