Understanding and leveraging the concepts of elastic and inelastic demand can be a powerful tool for marketers.
Setting an advertising budget is a critical step in any marketing strategy. Without a clear budget in place, it can be easy to overspend or allocate resources inefficiently.
In this post, we work through the main steps of the cost-plus pricing formula using a step-by-step example.
Shrinkflation describes a marketing tactic where the size or quantity of a product decreases while the price remains the same. The main reason why brands use shrinkflation is to maintain their profit margins.
Explore the key advantages of cost-plus pricing for businesses. This article outlines why this pricing method is considered simple, flexible, and effective in ensuring profitability, as well as its usefulness for businesses with large product lines.
Discover the limitations of cost-plus pricing and its potential impact on your business. Learn about the key disadvantages, including a lack of consideration for competitive pricing, customer value, and profit maximization, among others.
The Marketing Study Guide has developed an easy to use Excel template for cost-plus pricing, which is free to download and does not require any sign-up.
This post builds upon the price calculation information provided in Cost-Plus Pricing Formula with Examples, and provides even more calculation examples.
In this article we look at the formula for cost-plus pricing and provide example calculations, plus we provide a free cost-plus pricing Excel template for download.
SWOT Analysis Example for a FinTechFinTechs have become very common in recent years, but also have the challenge of having a fast-growing competitive set and the need to create business relationships as the majority of their customers are businesses.Financial technology companies leverage the opportunities in a fast-moving tech world, but that also creates threats as …