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Blog Page 5
Apr 17, 2023
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?
Apr 17, 2023
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.
Apr 13, 2023
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
Apr 13, 2023
What Is Customary Pricing?
What is customary pricing, what is used for, using customary price as a strategy, examples of customary pricing.
Mar 30, 2023
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.
Mar 30, 2023
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.
Mar 30, 2023
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.
Mar 30, 2023
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.
Mar 30, 2023
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.
Mar 30, 2023
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.
Mar 28, 2023
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.
Mar 28, 2023
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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