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- Profit-Based Pricing:
Laying the Foundation for Your Pricing Strategy
Companies today have greater access to timely information about their markets and business performance than ever before. They can measure the real-time impact of new marketing promotions, fluctuations in raw material cost, and labor and efficiency gains. This information has enabled better control of pricing policies. Yet, the question remains, have these approaches worked to make the company more profitable?
In this paper, the author simplifies the issue by focusing on one simple concept use pricing to optimize profitability.
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- Are you purchasing a profitability/cost management system?
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- If yes, what is your time frame for making a purchasing decision?
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Using Acorns software made us realize that there are opportunities not only with the unprofitable customers, but with profitable customers
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- Ed Gaio, CFO
Pioneer-Standard Electronics
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