Presentation about company price raise

1. Welcome to our Presentation
Submitted To:
Md. Samiur Rahman
Associate Professor
Department of ECE
Submitted By:
Sardar Ragib Ahmad (221314038)
Md. Sajeeb Sikder (201309038)
Junayed Hossain Siam (192251038)
Ador Kubi (192104038)
Md. Manik Mia (192121038)
Mohammad Sakib Ullah Chwdhury (221313038)
Md. Salman hossen (222209040)

2. Topics:
Why Companies Raise
Their Prices

3. what are the
challenges faced by
Companies Raise
Their Prices?
Such As:
• Pricing Over the Life Cycle of the Product:
• The Rate of Market Growth:
• The Erosion of Distinctiveness:
• The Significance of Cost:
• Post-Skimming Strategies:
• Mixed Strategies:
• Pricing in Maturity:
• Pricing Products in Decline:
### When Companies Raise
Their Prices then Inflation,
higher interest rates, the threat
of a recession, supply chain
challenges, the lack of talent,
and competitor actions are all
to be taken into account.

4. More and more companies are moving to redesign their pricing models. This surge in
pricing model innovation is being driven by many converging trends.
Pressure from customers to better align value and price
Innovations that deliver value in new ways and need to be priced in new ways
Business and growth model change, especially the desire to support product led
growth
Better access to data that provides new insights and enables new pricing models
Realization that frozen accidents are not a good way to price
 Designing a pricing model is a difficult challenge. Competing pricing
goals need to be prioritized and aligned. A great deal of data needs
to be collected, organized and analyzed. Creative ways to connect
value and price must be developed. Dependencies (often hidden
deep in CRM and financial systems) need to be called out). This is
complex work. High stakes. High value. High impact.

5. how the challenges were
mitigated?
Five practical steps to mitigate the impact of
rising Prices:
1.Don't just stop purchasing. It'll be important to challenge all parts of the system, but the answer
is not just to stop purchasing.
2.Challenge multi-cut silage.
3.Grow more maize.
4.Look closely at machinery and electricity. ...
5.Consider carrying more cows, more carefully.

6. what are the related work by
Companies Raise Their Prices?
 One of the most basic reasons companies raise prices on their products and
services is to adjust to increased business costs. A product reseller, for
instance, might raise prices simply because its supplier raised prices on
materials or finished goods.
 The simplest way to protect from a sudden spike in costs is to include price
escalation language in all contracts. Simply put, a price escalation clause

7. Inflation is a measure of the rate of rising prices of goods and services in an
economy. If inflation is occurring, leading to higher prices for basic necessities such
as food, it can have a negative impact on society.
 Inflation can occur in nearly any product or service, including need-based
expenses such as housing, food, medical care, and utilities, as well as want
expenses, such as cosmetics, automobiles, and jewelry. Once inflation
becomes prevalent throughout an economy, the expectation of further inflation
becomes an overriding concern in the consciousness of consumers and
businesses alike.

8. what are their future plans by
Companies Raise Their Prices?
One of the age-old questions for businesses is how
to increase prices without deterring customers and
damaging the volume of sales. And it's always a
relevant issue, but it's increasingly so in the
current climate. Small businesses have to find a
way of maintaining or increasing the profit margins
on what they're selling. But simply passing on all of
your rising costs to the customer is very risky – it'll
quickly put people off. Instead, you'll need a
considered, data-led, well-communicated strategy
that looks to maintain long-term value for your
business.

9. How to maximize their
profit by Companies Raise
Their Prices?
The fastest and most effective
way for a company to realize
its maximum profit is to get its
pricing right.

10. The fastest and most effective way for a company to realize its maximum
profit is to get its pricing right. The right price can boost profit faster than
increasing volume will; the wrong price can shrink it just as quickly. Yet many
otherwise tough-minded managers shy away from initiatives to improve price
for fear that they will alienate or lose customers. The result of not managing
price performance, however, is far more damaging. Getting the price right is
one of the most fundamental and important management functions; it should
be one of a manager’s first responsibilities, a nuts and bolts kind of job that
determines the dollar and cents performance of the company.
The leverage and payoff of improved pricing are high. Compare, for
example, the profit implications of a 1% increase in volume and a
1% increase in price. For a company with average economics, improving
unit volume by 1% yields a 3.3% increase in operating profit, assuming no
decrease in price. But, as Exhibit 1 shows, a 1% improvement in price,
assuming no loss of volume, increases operating profit by 11.1%.
Improvements in price typically have three to four times the effect on
profitability as proportionate increases in volume.

11. Is it a venture capital or an
entrepreneurial firm?
 Yes, Venture capital is money, technical, or managerial expertise provided by
investors to startup firms with long-term growth potential.
 The biggest difference between an entrepreneur and a venture capitalist comes
down to mindset. Entrepreneurs specifically tend to take an insider's view of
their business and then extrapolate that view to the market while venture
capitalists do the opposite—take in the market landscape first.

12. Thanks For Everything
 Our Group Member: