SlideShare a Scribd company logo
1 of 10
3 rd  Session
Importance of pricing ,[object Object],[object Object],[object Object]
Steps of pricing
1. Identify pricing constraints and objectives
Pricing objectives ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
2. Estimate demand and Revenue ,[object Object],[object Object],[object Object]
3. Determine cost, volume and profit relationships ,[object Object],[object Object],[object Object]
4. Select approximate price level ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Competition oriented Profit oriented Cost oriented Demand oriented
5. Set list of quoted price ,[object Object],[object Object],[object Object],[object Object]
6. Make final adjustments ,[object Object],[object Object],[object Object]

More Related Content

What's hot

Marketing Pricing Strategies
Marketing Pricing StrategiesMarketing Pricing Strategies
Marketing Pricing StrategiesShivang Sharma
 
How should a company set prices initially for products or services
How should a company set prices initially for products or servicesHow should a company set prices initially for products or services
How should a company set prices initially for products or servicesSameer Mathur
 
How should a company set prices initially for products or services
How should a company set prices initially for products or servicesHow should a company set prices initially for products or services
How should a company set prices initially for products or servicesSameer Mathur
 
Pricing strategies(philip kotler)
Pricing strategies(philip kotler)Pricing strategies(philip kotler)
Pricing strategies(philip kotler)Shailja Pathak
 
Pricing Strategies
Pricing StrategiesPricing Strategies
Pricing Strategiesramyasn16
 
Pricing strategies - Marketing
Pricing strategies - MarketingPricing strategies - Marketing
Pricing strategies - MarketingFaHaD .H. NooR
 
internal factors affecting pricing
internal factors affecting pricing internal factors affecting pricing
internal factors affecting pricing paullivin13
 
2011.11 marketing principles
2011.11 marketing principles2011.11 marketing principles
2011.11 marketing principlesStephan Langdon
 
Pricing Decisions & Strategies
Pricing Decisions & StrategiesPricing Decisions & Strategies
Pricing Decisions & StrategiesGOEL'S WORLD
 
Lecture 9 pricing considerations and approaches
Lecture 9 pricing considerations and approachesLecture 9 pricing considerations and approaches
Lecture 9 pricing considerations and approachesLisamarieTamange
 
Pricing decisions
Pricing decisionsPricing decisions
Pricing decisionsalka1522
 
Various Pricing Strategies
Various Pricing StrategiesVarious Pricing Strategies
Various Pricing StrategiesMohit Garg
 
Pricing policies & strategies
Pricing policies & strategiesPricing policies & strategies
Pricing policies & strategiesDeepak Kanwal
 
Pricing Ppt
Pricing PptPricing Ppt
Pricing Pptsid30
 

What's hot (20)

Marketing Pricing Strategies
Marketing Pricing StrategiesMarketing Pricing Strategies
Marketing Pricing Strategies
 
How should a company set prices initially for products or services
How should a company set prices initially for products or servicesHow should a company set prices initially for products or services
How should a company set prices initially for products or services
 
How should a company set prices initially for products or services
How should a company set prices initially for products or servicesHow should a company set prices initially for products or services
How should a company set prices initially for products or services
 
Pricing strategies(philip kotler)
Pricing strategies(philip kotler)Pricing strategies(philip kotler)
Pricing strategies(philip kotler)
 
Pricing Strategies
Pricing StrategiesPricing Strategies
Pricing Strategies
 
Pricing strategies - Marketing
Pricing strategies - MarketingPricing strategies - Marketing
Pricing strategies - Marketing
 
Price setting
Price settingPrice setting
Price setting
 
Retail pricing
Retail pricingRetail pricing
Retail pricing
 
Retail pricing
Retail pricingRetail pricing
Retail pricing
 
internal factors affecting pricing
internal factors affecting pricing internal factors affecting pricing
internal factors affecting pricing
 
2011.11 marketing principles
2011.11 marketing principles2011.11 marketing principles
2011.11 marketing principles
 
Setting the Right Price
Setting the Right PriceSetting the Right Price
Setting the Right Price
 
Pricing Decisions & Strategies
Pricing Decisions & StrategiesPricing Decisions & Strategies
Pricing Decisions & Strategies
 
Lecture 9 pricing considerations and approaches
Lecture 9 pricing considerations and approachesLecture 9 pricing considerations and approaches
Lecture 9 pricing considerations and approaches
 
Pricing decisions
Pricing decisionsPricing decisions
Pricing decisions
 
Various Pricing Strategies
Various Pricing StrategiesVarious Pricing Strategies
Various Pricing Strategies
 
Pricing policies & strategies
Pricing policies & strategiesPricing policies & strategies
Pricing policies & strategies
 
Pricing
PricingPricing
Pricing
 
Ch 14 Setting Price
Ch 14 Setting PriceCh 14 Setting Price
Ch 14 Setting Price
 
Pricing Ppt
Pricing PptPricing Ppt
Pricing Ppt
 

Similar to Sales & Marketing introduction - Session 3

Pricing Strategies.ppt
Pricing Strategies.pptPricing Strategies.ppt
Pricing Strategies.pptImuimu3
 
Pricing strategies
Pricing strategiesPricing strategies
Pricing strategiesRohit Kumar
 
Marketing Chapter 21
Marketing Chapter 21Marketing Chapter 21
Marketing Chapter 21WanBK Leo
 
Chp 4 pricing considerations
Chp 4 pricing considerationsChp 4 pricing considerations
Chp 4 pricing considerationscheqala5626
 
Pricing Products: Pricing Considerations and Approaches
Pricing Products:  Pricing  Considerations and ApproachesPricing Products:  Pricing  Considerations and Approaches
Pricing Products: Pricing Considerations and ApproachesMehmet Cihangir
 
Pricingineconomicdownturn Francois Delvaux 123594482937 Phpapp02
Pricingineconomicdownturn Francois Delvaux 123594482937 Phpapp02Pricingineconomicdownturn Francois Delvaux 123594482937 Phpapp02
Pricingineconomicdownturn Francois Delvaux 123594482937 Phpapp02The House of Marketing
 
How should acompany set prices initially for products or services
How should acompany set prices initially for products or servicesHow should acompany set prices initially for products or services
How should acompany set prices initially for products or servicesVaishnavi Ketharnathan
 
How should a company set prices initially for products or services
How should a company set prices initially for products or servicesHow should a company set prices initially for products or services
How should a company set prices initially for products or servicesSameer Mathur
 
Designing Pricing Strategies and Programs
Designing Pricing Strategies and ProgramsDesigning Pricing Strategies and Programs
Designing Pricing Strategies and ProgramsSumit Pradhan
 
Pricing In Marketing - UNIT-5 & 6-PRICING.ppt
Pricing In Marketing - UNIT-5 & 6-PRICING.pptPricing In Marketing - UNIT-5 & 6-PRICING.ppt
Pricing In Marketing - UNIT-5 & 6-PRICING.pptetebarkhmichale
 

Similar to Sales & Marketing introduction - Session 3 (20)

Pricing Strategies.ppt
Pricing Strategies.pptPricing Strategies.ppt
Pricing Strategies.ppt
 
Pricing Strategies.ppt
Pricing Strategies.pptPricing Strategies.ppt
Pricing Strategies.ppt
 
Pricing strategies
Pricing strategiesPricing strategies
Pricing strategies
 
Pricing Strategies
Pricing StrategiesPricing Strategies
Pricing Strategies
 
Pricing strategies
Pricing strategiesPricing strategies
Pricing strategies
 
Marketing Chapter 21
Marketing Chapter 21Marketing Chapter 21
Marketing Chapter 21
 
Chp 4 pricing considerations
Chp 4 pricing considerationsChp 4 pricing considerations
Chp 4 pricing considerations
 
Pricing
PricingPricing
Pricing
 
Pricing
PricingPricing
Pricing
 
Pricing Products: Pricing Considerations and Approaches
Pricing Products:  Pricing  Considerations and ApproachesPricing Products:  Pricing  Considerations and Approaches
Pricing Products: Pricing Considerations and Approaches
 
Pricingineconomicdownturn Francois Delvaux 123594482937 Phpapp02
Pricingineconomicdownturn Francois Delvaux 123594482937 Phpapp02Pricingineconomicdownturn Francois Delvaux 123594482937 Phpapp02
Pricingineconomicdownturn Francois Delvaux 123594482937 Phpapp02
 
12. Pricing Strategy.pptx
12. Pricing Strategy.pptx12. Pricing Strategy.pptx
12. Pricing Strategy.pptx
 
How should acompany set prices initially for products or services
How should acompany set prices initially for products or servicesHow should acompany set prices initially for products or services
How should acompany set prices initially for products or services
 
How should a company set prices initially for products or services
How should a company set prices initially for products or servicesHow should a company set prices initially for products or services
How should a company set prices initially for products or services
 
Designing Pricing Strategies and Programs
Designing Pricing Strategies and ProgramsDesigning Pricing Strategies and Programs
Designing Pricing Strategies and Programs
 
4604403
46044034604403
4604403
 
Mm.12.10
Mm.12.10Mm.12.10
Mm.12.10
 
Pricing In Marketing - UNIT-5 & 6-PRICING.ppt
Pricing In Marketing - UNIT-5 & 6-PRICING.pptPricing In Marketing - UNIT-5 & 6-PRICING.ppt
Pricing In Marketing - UNIT-5 & 6-PRICING.ppt
 
Pricing strategy
Pricing strategyPricing strategy
Pricing strategy
 
2011.2.20 marketing
2011.2.20 marketing2011.2.20 marketing
2011.2.20 marketing
 

Recently uploaded

The Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdfThe Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdfGale Pooley
 
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...ssifa0344
 
VIP Call Girl in Mumbai 💧 9920725232 ( Call Me ) Get A New Crush Everyday Wit...
VIP Call Girl in Mumbai 💧 9920725232 ( Call Me ) Get A New Crush Everyday Wit...VIP Call Girl in Mumbai 💧 9920725232 ( Call Me ) Get A New Crush Everyday Wit...
VIP Call Girl in Mumbai 💧 9920725232 ( Call Me ) Get A New Crush Everyday Wit...dipikadinghjn ( Why You Choose Us? ) Escorts
 
Stock Market Brief Deck (Under Pressure).pdf
Stock Market Brief Deck (Under Pressure).pdfStock Market Brief Deck (Under Pressure).pdf
Stock Market Brief Deck (Under Pressure).pdfMichael Silva
 
03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptxFinTech Belgium
 
VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...
VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...
VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...dipikadinghjn ( Why You Choose Us? ) Escorts
 
Top Rated Pune Call Girls Sinhagad Road ⟟ 6297143586 ⟟ Call Me For Genuine S...
Top Rated  Pune Call Girls Sinhagad Road ⟟ 6297143586 ⟟ Call Me For Genuine S...Top Rated  Pune Call Girls Sinhagad Road ⟟ 6297143586 ⟟ Call Me For Genuine S...
Top Rated Pune Call Girls Sinhagad Road ⟟ 6297143586 ⟟ Call Me For Genuine S...Call Girls in Nagpur High Profile
 
VIP Call Girl in Mira Road 💧 9920725232 ( Call Me ) Get A New Crush Everyday ...
VIP Call Girl in Mira Road 💧 9920725232 ( Call Me ) Get A New Crush Everyday ...VIP Call Girl in Mira Road 💧 9920725232 ( Call Me ) Get A New Crush Everyday ...
VIP Call Girl in Mira Road 💧 9920725232 ( Call Me ) Get A New Crush Everyday ...dipikadinghjn ( Why You Choose Us? ) Escorts
 
VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...
VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...
VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...dipikadinghjn ( Why You Choose Us? ) Escorts
 
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptxFinTech Belgium
 
Top Rated Pune Call Girls Viman Nagar ⟟ 6297143586 ⟟ Call Me For Genuine Sex...
Top Rated  Pune Call Girls Viman Nagar ⟟ 6297143586 ⟟ Call Me For Genuine Sex...Top Rated  Pune Call Girls Viman Nagar ⟟ 6297143586 ⟟ Call Me For Genuine Sex...
Top Rated Pune Call Girls Viman Nagar ⟟ 6297143586 ⟟ Call Me For Genuine Sex...Call Girls in Nagpur High Profile
 
Gurley shaw Theory of Monetary Economics.
Gurley shaw Theory of Monetary Economics.Gurley shaw Theory of Monetary Economics.
Gurley shaw Theory of Monetary Economics.Vinodha Devi
 
The Economic History of the U.S. Lecture 25.pdf
The Economic History of the U.S. Lecture 25.pdfThe Economic History of the U.S. Lecture 25.pdf
The Economic History of the U.S. Lecture 25.pdfGale Pooley
 
The Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdfThe Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdfGale Pooley
 
Shrambal_Distributors_Newsletter_Apr-2024 (1).pdf
Shrambal_Distributors_Newsletter_Apr-2024 (1).pdfShrambal_Distributors_Newsletter_Apr-2024 (1).pdf
Shrambal_Distributors_Newsletter_Apr-2024 (1).pdfvikashdidwania1
 
Booking open Available Pune Call Girls Shivane 6297143586 Call Hot Indian Gi...
Booking open Available Pune Call Girls Shivane  6297143586 Call Hot Indian Gi...Booking open Available Pune Call Girls Shivane  6297143586 Call Hot Indian Gi...
Booking open Available Pune Call Girls Shivane 6297143586 Call Hot Indian Gi...Call Girls in Nagpur High Profile
 
The Economic History of the U.S. Lecture 21.pdf
The Economic History of the U.S. Lecture 21.pdfThe Economic History of the U.S. Lecture 21.pdf
The Economic History of the U.S. Lecture 21.pdfGale Pooley
 
Indore Real Estate Market Trends Report.pdf
Indore Real Estate Market Trends Report.pdfIndore Real Estate Market Trends Report.pdf
Indore Real Estate Market Trends Report.pdfSaviRakhecha1
 
The Economic History of the U.S. Lecture 26.pdf
The Economic History of the U.S. Lecture 26.pdfThe Economic History of the U.S. Lecture 26.pdf
The Economic History of the U.S. Lecture 26.pdfGale Pooley
 

Recently uploaded (20)

The Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdfThe Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdf
 
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...
 
VIP Call Girl in Mumbai 💧 9920725232 ( Call Me ) Get A New Crush Everyday Wit...
VIP Call Girl in Mumbai 💧 9920725232 ( Call Me ) Get A New Crush Everyday Wit...VIP Call Girl in Mumbai 💧 9920725232 ( Call Me ) Get A New Crush Everyday Wit...
VIP Call Girl in Mumbai 💧 9920725232 ( Call Me ) Get A New Crush Everyday Wit...
 
Stock Market Brief Deck (Under Pressure).pdf
Stock Market Brief Deck (Under Pressure).pdfStock Market Brief Deck (Under Pressure).pdf
Stock Market Brief Deck (Under Pressure).pdf
 
03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx
 
VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...
VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...
VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...
 
Top Rated Pune Call Girls Sinhagad Road ⟟ 6297143586 ⟟ Call Me For Genuine S...
Top Rated  Pune Call Girls Sinhagad Road ⟟ 6297143586 ⟟ Call Me For Genuine S...Top Rated  Pune Call Girls Sinhagad Road ⟟ 6297143586 ⟟ Call Me For Genuine S...
Top Rated Pune Call Girls Sinhagad Road ⟟ 6297143586 ⟟ Call Me For Genuine S...
 
VIP Call Girl in Mira Road 💧 9920725232 ( Call Me ) Get A New Crush Everyday ...
VIP Call Girl in Mira Road 💧 9920725232 ( Call Me ) Get A New Crush Everyday ...VIP Call Girl in Mira Road 💧 9920725232 ( Call Me ) Get A New Crush Everyday ...
VIP Call Girl in Mira Road 💧 9920725232 ( Call Me ) Get A New Crush Everyday ...
 
VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...
VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...
VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...
 
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
 
Top Rated Pune Call Girls Viman Nagar ⟟ 6297143586 ⟟ Call Me For Genuine Sex...
Top Rated  Pune Call Girls Viman Nagar ⟟ 6297143586 ⟟ Call Me For Genuine Sex...Top Rated  Pune Call Girls Viman Nagar ⟟ 6297143586 ⟟ Call Me For Genuine Sex...
Top Rated Pune Call Girls Viman Nagar ⟟ 6297143586 ⟟ Call Me For Genuine Sex...
 
Gurley shaw Theory of Monetary Economics.
Gurley shaw Theory of Monetary Economics.Gurley shaw Theory of Monetary Economics.
Gurley shaw Theory of Monetary Economics.
 
The Economic History of the U.S. Lecture 25.pdf
The Economic History of the U.S. Lecture 25.pdfThe Economic History of the U.S. Lecture 25.pdf
The Economic History of the U.S. Lecture 25.pdf
 
The Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdfThe Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdf
 
(INDIRA) Call Girl Mumbai Call Now 8250077686 Mumbai Escorts 24x7
(INDIRA) Call Girl Mumbai Call Now 8250077686 Mumbai Escorts 24x7(INDIRA) Call Girl Mumbai Call Now 8250077686 Mumbai Escorts 24x7
(INDIRA) Call Girl Mumbai Call Now 8250077686 Mumbai Escorts 24x7
 
Shrambal_Distributors_Newsletter_Apr-2024 (1).pdf
Shrambal_Distributors_Newsletter_Apr-2024 (1).pdfShrambal_Distributors_Newsletter_Apr-2024 (1).pdf
Shrambal_Distributors_Newsletter_Apr-2024 (1).pdf
 
Booking open Available Pune Call Girls Shivane 6297143586 Call Hot Indian Gi...
Booking open Available Pune Call Girls Shivane  6297143586 Call Hot Indian Gi...Booking open Available Pune Call Girls Shivane  6297143586 Call Hot Indian Gi...
Booking open Available Pune Call Girls Shivane 6297143586 Call Hot Indian Gi...
 
The Economic History of the U.S. Lecture 21.pdf
The Economic History of the U.S. Lecture 21.pdfThe Economic History of the U.S. Lecture 21.pdf
The Economic History of the U.S. Lecture 21.pdf
 
Indore Real Estate Market Trends Report.pdf
Indore Real Estate Market Trends Report.pdfIndore Real Estate Market Trends Report.pdf
Indore Real Estate Market Trends Report.pdf
 
The Economic History of the U.S. Lecture 26.pdf
The Economic History of the U.S. Lecture 26.pdfThe Economic History of the U.S. Lecture 26.pdf
The Economic History of the U.S. Lecture 26.pdf
 

Sales & Marketing introduction - Session 3