Blog Page 5

What Is a Price Taker: A Comprehensive Guide

Find out the definition of a price taker, and get some examples in a competitive market and in a monopoly. Which companies are price takers and which are price makers?

How to Deal with Slow-Moving Inventory?

Is your business suffering from slow-moving inventory? Find out how to get rid of it and avoid unnecessary expenses for the maintenance of unclaimed goods.

What Is Category Management & Why Is It Important?

Find out how category management works in retail, why it is used for managing product segments and procurement, and what tools can help with pricing and strategies

What Is Customary Pricing?

What is customary pricing, what is used for, using customary price as a strategy, examples of customary pricing.

How to Let Customers Know About a Price Increase Without Losing Them

Discover insights on how to inform customers about a price increase for products or services and retain loyalty. Get tips on writing a price increase letter or notice.

What are Product Codes? Basic Product Codes for Online Sellers

Find out what product codes are, what sorts of identification numbers are used in different countries and industries, and how to use unique codes in retail.

What Is the Marketing Mix? How to Use the 4 Ps of Marketing

A detailed guide to the marketing mix strategy: its definition, the roles of the four major elements (product, price, place, promotion), alternative versions, and examples.

What Is Price Variance?

Everything you need to know about price variance: formulas to calculate it, how it helps to define the optimal cost of items, and how to interpret it.

What Is Multiple Unit Pricing?

An all-round guide to the multiple unit price formation strategy: examples of products and services, types and use cases, pros and cons, and ways to implement it.

What Is a Price Maker: A Comprehensive Guide

The ultimate guide to price makers: how sellers dictate market pricing as monopolies, examples of price makers, and the adverse effects of this phenomenon.

10 Causes of Low Sales and Ways to Eliminate Them

Sales are falling, but competition is growing? The first thing to do is to identify the causes. Out of 10 reasons for low sales, you will be able to find your case and overcome the problem.

What Is Basket Based Pricing? How to Use This Pricing Strategy

Basket based pricing is a great way to increase sales and make customers more loyal to your business. Learn how to apply this strategy and improve your bottom line.

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