How to Implement It With Pricing Software
Finding the optimum prices for your products is not a straight-forward and easy process. You need to have a really good mechanism that takes into calculation your costs, your target profit margin, the competition, demand in the market etc. However, as evaluating all these factors at the same time is a bit challenging, there are many different strategies for pricing. Such as cost-based pricing, premium pricing, penetration pricing or such other strategies. This post will be about cost-based pricing and…