SlideShare a Scribd company logo
1 of 10
3 rd  Session
Importance of pricing ,[object Object],[object Object],[object Object]
Steps of pricing
1. Identify pricing constraints and objectives
Pricing objectives ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
2. Estimate demand and Revenue ,[object Object],[object Object],[object Object]
3. Determine cost, volume and profit relationships ,[object Object],[object Object],[object Object]
4. Select approximate price level ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Competition oriented Profit oriented Cost oriented Demand oriented
5. Set list of quoted price ,[object Object],[object Object],[object Object],[object Object]
6. Make final adjustments ,[object Object],[object Object],[object Object]

More Related Content

What's hot

Marketing Pricing Strategies
Marketing Pricing StrategiesMarketing Pricing Strategies
Marketing Pricing StrategiesShivang Sharma
 
How should a company set prices initially for products or services
How should a company set prices initially for products or servicesHow should a company set prices initially for products or services
How should a company set prices initially for products or servicesSameer Mathur
 
How should a company set prices initially for products or services
How should a company set prices initially for products or servicesHow should a company set prices initially for products or services
How should a company set prices initially for products or servicesSameer Mathur
 
Pricing strategies(philip kotler)
Pricing strategies(philip kotler)Pricing strategies(philip kotler)
Pricing strategies(philip kotler)Shailja Pathak
 
Pricing Strategies
Pricing StrategiesPricing Strategies
Pricing Strategiesramyasn16
 
Pricing strategies - Marketing
Pricing strategies - MarketingPricing strategies - Marketing
Pricing strategies - MarketingFaHaD .H. NooR
 
internal factors affecting pricing
internal factors affecting pricing internal factors affecting pricing
internal factors affecting pricing paullivin13
 
2011.11 marketing principles
2011.11 marketing principles2011.11 marketing principles
2011.11 marketing principlesStephan Langdon
 
Pricing Decisions & Strategies
Pricing Decisions & StrategiesPricing Decisions & Strategies
Pricing Decisions & StrategiesGOEL'S WORLD
 
Lecture 9 pricing considerations and approaches
Lecture 9 pricing considerations and approachesLecture 9 pricing considerations and approaches
Lecture 9 pricing considerations and approachesLisamarieTamange
 
Pricing decisions
Pricing decisionsPricing decisions
Pricing decisionsalka1522
 
Various Pricing Strategies
Various Pricing StrategiesVarious Pricing Strategies
Various Pricing StrategiesMohit Garg
 
Pricing policies & strategies
Pricing policies & strategiesPricing policies & strategies
Pricing policies & strategiesDeepak Kanwal
 
Pricing Ppt
Pricing PptPricing Ppt
Pricing Pptsid30
 

What's hot (20)

Marketing Pricing Strategies
Marketing Pricing StrategiesMarketing Pricing Strategies
Marketing Pricing Strategies
 
How should a company set prices initially for products or services
How should a company set prices initially for products or servicesHow should a company set prices initially for products or services
How should a company set prices initially for products or services
 
How should a company set prices initially for products or services
How should a company set prices initially for products or servicesHow should a company set prices initially for products or services
How should a company set prices initially for products or services
 
Pricing strategies(philip kotler)
Pricing strategies(philip kotler)Pricing strategies(philip kotler)
Pricing strategies(philip kotler)
 
Pricing Strategies
Pricing StrategiesPricing Strategies
Pricing Strategies
 
Pricing strategies - Marketing
Pricing strategies - MarketingPricing strategies - Marketing
Pricing strategies - Marketing
 
Price setting
Price settingPrice setting
Price setting
 
Retail pricing
Retail pricingRetail pricing
Retail pricing
 
Retail pricing
Retail pricingRetail pricing
Retail pricing
 
internal factors affecting pricing
internal factors affecting pricing internal factors affecting pricing
internal factors affecting pricing
 
2011.11 marketing principles
2011.11 marketing principles2011.11 marketing principles
2011.11 marketing principles
 
Setting the Right Price
Setting the Right PriceSetting the Right Price
Setting the Right Price
 
Pricing Decisions & Strategies
Pricing Decisions & StrategiesPricing Decisions & Strategies
Pricing Decisions & Strategies
 
Lecture 9 pricing considerations and approaches
Lecture 9 pricing considerations and approachesLecture 9 pricing considerations and approaches
Lecture 9 pricing considerations and approaches
 
Pricing decisions
Pricing decisionsPricing decisions
Pricing decisions
 
Various Pricing Strategies
Various Pricing StrategiesVarious Pricing Strategies
Various Pricing Strategies
 
Pricing policies & strategies
Pricing policies & strategiesPricing policies & strategies
Pricing policies & strategies
 
Pricing
PricingPricing
Pricing
 
Ch 14 Setting Price
Ch 14 Setting PriceCh 14 Setting Price
Ch 14 Setting Price
 
Pricing Ppt
Pricing PptPricing Ppt
Pricing Ppt
 

Similar to Sales & Marketing introduction - Session 3

Pricing Strategies.ppt
Pricing Strategies.pptPricing Strategies.ppt
Pricing Strategies.pptImuimu3
 
Pricing strategies
Pricing strategiesPricing strategies
Pricing strategiesRohit Kumar
 
Marketing Chapter 21
Marketing Chapter 21Marketing Chapter 21
Marketing Chapter 21WanBK Leo
 
Chp 4 pricing considerations
Chp 4 pricing considerationsChp 4 pricing considerations
Chp 4 pricing considerationscheqala5626
 
Pricing Products: Pricing Considerations and Approaches
Pricing Products:  Pricing  Considerations and ApproachesPricing Products:  Pricing  Considerations and Approaches
Pricing Products: Pricing Considerations and ApproachesMehmet Cihangir
 
Pricingineconomicdownturn Francois Delvaux 123594482937 Phpapp02
Pricingineconomicdownturn Francois Delvaux 123594482937 Phpapp02Pricingineconomicdownturn Francois Delvaux 123594482937 Phpapp02
Pricingineconomicdownturn Francois Delvaux 123594482937 Phpapp02The House of Marketing
 
How should acompany set prices initially for products or services
How should acompany set prices initially for products or servicesHow should acompany set prices initially for products or services
How should acompany set prices initially for products or servicesVaishnavi Ketharnathan
 
How should a company set prices initially for products or services
How should a company set prices initially for products or servicesHow should a company set prices initially for products or services
How should a company set prices initially for products or servicesSameer Mathur
 
Designing Pricing Strategies and Programs
Designing Pricing Strategies and ProgramsDesigning Pricing Strategies and Programs
Designing Pricing Strategies and ProgramsSumit Pradhan
 
Pricing In Marketing - UNIT-5 & 6-PRICING.ppt
Pricing In Marketing - UNIT-5 & 6-PRICING.pptPricing In Marketing - UNIT-5 & 6-PRICING.ppt
Pricing In Marketing - UNIT-5 & 6-PRICING.pptetebarkhmichale
 

Similar to Sales & Marketing introduction - Session 3 (20)

Pricing Strategies.ppt
Pricing Strategies.pptPricing Strategies.ppt
Pricing Strategies.ppt
 
Pricing Strategies.ppt
Pricing Strategies.pptPricing Strategies.ppt
Pricing Strategies.ppt
 
Pricing strategies
Pricing strategiesPricing strategies
Pricing strategies
 
Pricing Strategies
Pricing StrategiesPricing Strategies
Pricing Strategies
 
Pricing strategies
Pricing strategiesPricing strategies
Pricing strategies
 
Marketing Chapter 21
Marketing Chapter 21Marketing Chapter 21
Marketing Chapter 21
 
Chp 4 pricing considerations
Chp 4 pricing considerationsChp 4 pricing considerations
Chp 4 pricing considerations
 
Pricing
PricingPricing
Pricing
 
Pricing
PricingPricing
Pricing
 
Pricing Products: Pricing Considerations and Approaches
Pricing Products:  Pricing  Considerations and ApproachesPricing Products:  Pricing  Considerations and Approaches
Pricing Products: Pricing Considerations and Approaches
 
Pricingineconomicdownturn Francois Delvaux 123594482937 Phpapp02
Pricingineconomicdownturn Francois Delvaux 123594482937 Phpapp02Pricingineconomicdownturn Francois Delvaux 123594482937 Phpapp02
Pricingineconomicdownturn Francois Delvaux 123594482937 Phpapp02
 
12. Pricing Strategy.pptx
12. Pricing Strategy.pptx12. Pricing Strategy.pptx
12. Pricing Strategy.pptx
 
How should acompany set prices initially for products or services
How should acompany set prices initially for products or servicesHow should acompany set prices initially for products or services
How should acompany set prices initially for products or services
 
How should a company set prices initially for products or services
How should a company set prices initially for products or servicesHow should a company set prices initially for products or services
How should a company set prices initially for products or services
 
Designing Pricing Strategies and Programs
Designing Pricing Strategies and ProgramsDesigning Pricing Strategies and Programs
Designing Pricing Strategies and Programs
 
4604403
46044034604403
4604403
 
Mm.12.10
Mm.12.10Mm.12.10
Mm.12.10
 
Pricing In Marketing - UNIT-5 & 6-PRICING.ppt
Pricing In Marketing - UNIT-5 & 6-PRICING.pptPricing In Marketing - UNIT-5 & 6-PRICING.ppt
Pricing In Marketing - UNIT-5 & 6-PRICING.ppt
 
Pricing strategy
Pricing strategyPricing strategy
Pricing strategy
 
2011.2.20 marketing
2011.2.20 marketing2011.2.20 marketing
2011.2.20 marketing
 

Recently uploaded

VIP Call Girls Service Begumpet Hyderabad Call +91-8250192130
VIP Call Girls Service Begumpet Hyderabad Call +91-8250192130VIP Call Girls Service Begumpet Hyderabad Call +91-8250192130
VIP Call Girls Service Begumpet Hyderabad Call +91-8250192130Suhani Kapoor
 
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...shivangimorya083
 
(办理原版一样)QUT毕业证昆士兰科技大学毕业证学位证留信学历认证成绩单补办
(办理原版一样)QUT毕业证昆士兰科技大学毕业证学位证留信学历认证成绩单补办(办理原版一样)QUT毕业证昆士兰科技大学毕业证学位证留信学历认证成绩单补办
(办理原版一样)QUT毕业证昆士兰科技大学毕业证学位证留信学历认证成绩单补办fqiuho152
 
Financial institutions facilitate financing, economic transactions, issue fun...
Financial institutions facilitate financing, economic transactions, issue fun...Financial institutions facilitate financing, economic transactions, issue fun...
Financial institutions facilitate financing, economic transactions, issue fun...Avanish Goel
 
government_intervention_in_business_ownership[1].pdf
government_intervention_in_business_ownership[1].pdfgovernment_intervention_in_business_ownership[1].pdf
government_intervention_in_business_ownership[1].pdfshaunmashale756
 
The Triple Threat | Article on Global Resession | Harsh Kumar
The Triple Threat | Article on Global Resession | Harsh KumarThe Triple Threat | Article on Global Resession | Harsh Kumar
The Triple Threat | Article on Global Resession | Harsh KumarHarsh Kumar
 
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance CompanyInterimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance CompanyTyöeläkeyhtiö Elo
 
Q3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast SlidesQ3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast SlidesMarketing847413
 
Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...
Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...
Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...First NO1 World Amil baba in Faisalabad
 
AfRESFullPaper22018EmpiricalPerformanceofRealEstateInvestmentTrustsandShareho...
AfRESFullPaper22018EmpiricalPerformanceofRealEstateInvestmentTrustsandShareho...AfRESFullPaper22018EmpiricalPerformanceofRealEstateInvestmentTrustsandShareho...
AfRESFullPaper22018EmpiricalPerformanceofRealEstateInvestmentTrustsandShareho...yordanosyohannes2
 
SBP-Market-Operations and market managment
SBP-Market-Operations and market managmentSBP-Market-Operations and market managment
SBP-Market-Operations and market managmentfactical
 
House of Commons ; CDC schemes overview document
House of Commons ; CDC schemes overview documentHouse of Commons ; CDC schemes overview document
House of Commons ; CDC schemes overview documentHenry Tapper
 
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With Room
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130  Available With RoomVIP Kolkata Call Girl Jodhpur Park 👉 8250192130  Available With Room
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With Roomdivyansh0kumar0
 
fca-bsps-decision-letter-redacted (1).pdf
fca-bsps-decision-letter-redacted (1).pdffca-bsps-decision-letter-redacted (1).pdf
fca-bsps-decision-letter-redacted (1).pdfHenry Tapper
 
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur EscortsHigh Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escortsranjana rawat
 
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130Suhani Kapoor
 
20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdf20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdfAdnet Communications
 
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur EscortsCall Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escortsranjana rawat
 

Recently uploaded (20)

VIP Call Girls Service Begumpet Hyderabad Call +91-8250192130
VIP Call Girls Service Begumpet Hyderabad Call +91-8250192130VIP Call Girls Service Begumpet Hyderabad Call +91-8250192130
VIP Call Girls Service Begumpet Hyderabad Call +91-8250192130
 
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
 
(办理原版一样)QUT毕业证昆士兰科技大学毕业证学位证留信学历认证成绩单补办
(办理原版一样)QUT毕业证昆士兰科技大学毕业证学位证留信学历认证成绩单补办(办理原版一样)QUT毕业证昆士兰科技大学毕业证学位证留信学历认证成绩单补办
(办理原版一样)QUT毕业证昆士兰科技大学毕业证学位证留信学历认证成绩单补办
 
🔝+919953056974 🔝young Delhi Escort service Pusa Road
🔝+919953056974 🔝young Delhi Escort service Pusa Road🔝+919953056974 🔝young Delhi Escort service Pusa Road
🔝+919953056974 🔝young Delhi Escort service Pusa Road
 
Financial institutions facilitate financing, economic transactions, issue fun...
Financial institutions facilitate financing, economic transactions, issue fun...Financial institutions facilitate financing, economic transactions, issue fun...
Financial institutions facilitate financing, economic transactions, issue fun...
 
government_intervention_in_business_ownership[1].pdf
government_intervention_in_business_ownership[1].pdfgovernment_intervention_in_business_ownership[1].pdf
government_intervention_in_business_ownership[1].pdf
 
The Triple Threat | Article on Global Resession | Harsh Kumar
The Triple Threat | Article on Global Resession | Harsh KumarThe Triple Threat | Article on Global Resession | Harsh Kumar
The Triple Threat | Article on Global Resession | Harsh Kumar
 
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance CompanyInterimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
 
Q3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast SlidesQ3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast Slides
 
Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...
Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...
Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...
 
AfRESFullPaper22018EmpiricalPerformanceofRealEstateInvestmentTrustsandShareho...
AfRESFullPaper22018EmpiricalPerformanceofRealEstateInvestmentTrustsandShareho...AfRESFullPaper22018EmpiricalPerformanceofRealEstateInvestmentTrustsandShareho...
AfRESFullPaper22018EmpiricalPerformanceofRealEstateInvestmentTrustsandShareho...
 
SBP-Market-Operations and market managment
SBP-Market-Operations and market managmentSBP-Market-Operations and market managment
SBP-Market-Operations and market managment
 
House of Commons ; CDC schemes overview document
House of Commons ; CDC schemes overview documentHouse of Commons ; CDC schemes overview document
House of Commons ; CDC schemes overview document
 
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With Room
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130  Available With RoomVIP Kolkata Call Girl Jodhpur Park 👉 8250192130  Available With Room
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With Room
 
fca-bsps-decision-letter-redacted (1).pdf
fca-bsps-decision-letter-redacted (1).pdffca-bsps-decision-letter-redacted (1).pdf
fca-bsps-decision-letter-redacted (1).pdf
 
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur EscortsHigh Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
 
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
 
Commercial Bank Economic Capsule - April 2024
Commercial Bank Economic Capsule - April 2024Commercial Bank Economic Capsule - April 2024
Commercial Bank Economic Capsule - April 2024
 
20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdf20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdf
 
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur EscortsCall Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
 

Sales & Marketing introduction - Session 3