Introduction
This module reviews the process companies must go through to effectively price their offerings, including identifying pricing objectives, accounting for the factors that affect pricing decisions and implementing a pricing strategy.
Learning Objectives
- Understand the factors in the pricing framework. Explain the different pricing objectives organizations have to choose from.
- Understand the factors that affect a firm's pricing decisions. Understand why companies must conduct research before setting prices in international markets. Learn how to calculate the breakeven point.
- Understand introductory pricing strategies. Understand the different pricing approaches that businesses use.