Price

Description

Price Mind Map on Price, created by james.bowditch on 30/07/2013.
james.bowditch
Mind Map by james.bowditch, updated more than 1 year ago
james.bowditch
Created by james.bowditch over 10 years ago
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Resource summary

Price
  1. Income, revenue and profit generation
    1. Break even point
      1. Marginal Costing
      2. Multi-stage approach to pricing

        Attachments:

        1. Advantages

          Attachments:

        2. Contributing to the organisations business and financial objective
          1. Profitability Objectives

            Attachments:

            1. Sales Ojectives

              Attachments:

              1. Stability Objectives

                Attachments:

                1. Social Responsibility

                  Attachments:

                  1. Pricing Objectives

                    Attachments:

                    1. Survival
                      1. ROI
                        1. Stabilisation
                          1. Market Position
                            1. Meeting or following competitors
                              1. Product Differentiation
                                1. Skimming
                                  1. Penetration
                                    1. Early cash recovery
                                      1. Discourage others from entering the market
                                      2. Price and the PLC
                                      3. Limitations as a competitive tool
                                        1. Product Analysis Pricing
                                          1. Full Line Pricing
                                          2. Approaches and tactics as an effective means of competition
                                            1. Varying prices to reflect geographical differences
                                              1. Discounts for early payment
                                                1. Trade in allowances
                                                  1. Discriminatory pricing
                                                    1. Optional feature pricing
                                                      1. Hitting vulnerable competitors
                                                        1. If a price change is initiated by a competitor
                                                          1. Follow
                                                            1. Keep to provide a competitive edge
                                                              1. Cut to increase price differential
                                                            2. Factors Effecting Pricing decisions
                                                              1. Competition

                                                                Attachments:

                                                                1. Legal

                                                                  Attachments:

                                                                  1. Customers

                                                                    Attachments:

                                                                    1. Distribution

                                                                      Attachments:

                                                                      1. Other

                                                                        Attachments:

                                                                      2. Pricing methods in practice
                                                                        1. Demand oreinetated
                                                                          1. Cost-orientated
                                                                            1. New Product
                                                                              1. Established products
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