Types of pricing strategy
Posted: Sun Apr 20, 2025 8:40 am
Cost-based pricing
hand with money iconThis is undoubtedly the most well-known and widely used pricing strategy in business. It is based on production and distribution costs and the desired profit margin. In general, the company calculates the costs and adds a profit margin to determine the final price.
Price based on competition
person in the center of a targetIt takes into account the prices spain mobile database by competitors. It can be defined as a price below, equal to or above that of the competitor, depending on the company's strategy.
However, to avoid harming your finances, it is important that you take into account competitors who have a similar structure to yours.
Price based on market demand
hand with graphAdjusting prices according to demand can allow companies to capture more revenue during periods of high demand, maximizing profits.
In general, it is quite common for seasonal products. For example, it is very common to look for physical training programs during the summer and beginning of the year.
hand with money iconThis is undoubtedly the most well-known and widely used pricing strategy in business. It is based on production and distribution costs and the desired profit margin. In general, the company calculates the costs and adds a profit margin to determine the final price.
Price based on competition
person in the center of a targetIt takes into account the prices spain mobile database by competitors. It can be defined as a price below, equal to or above that of the competitor, depending on the company's strategy.
However, to avoid harming your finances, it is important that you take into account competitors who have a similar structure to yours.
Price based on market demand
hand with graphAdjusting prices according to demand can allow companies to capture more revenue during periods of high demand, maximizing profits.
In general, it is quite common for seasonal products. For example, it is very common to look for physical training programs during the summer and beginning of the year.