I'm trying to figure out how to approach pricing for my product or service. I need to understand the best strategies or methods to determine the right price that will be profitable and also attractive to customers.
5 answers
WhisperWind
Wed Nov 06 2024
To determine the unit selling price of your product, initiate by computing the aggregate cost associated with acquiring all the units.
SapphireRider
Tue Nov 05 2024
Once you have the total cost, proceed to divide this figure by the total quantity of units that you have purchased. This division will yield the cost price per unit.
TaegeukChampionCourageousHeart
Tue Nov 05 2024
The cost price per unit serves as a fundamental component in establishing your selling price.
DaeguDivaDance
Tue Nov 05 2024
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EnchantedMoon
Tue Nov 05 2024
By leveraging the selling price formula, you can factor in your desired profit margin and arrive at the final selling price. This formula typically incorporates the cost price, overheads, and desired profit.