Imagine that you work for a pricing strategy consulting business. Select a business that will be your next client. Create a scenario that would result in your client seeking advice from your consulting business. Create a pricing policy for the selected client and scenario.
Analyze the best price setting process used to establish sustainable and profitable prices for the client.
Evaluate key pricing considerations and strategies relative to the product life cycle of your client’s three (3) top sellers.
Examine the challenges of effectively implementing a new or updated pricing strategy into the client that you selected.
Differentiate between incremental and avoidable costs for your client and analyze contribution margins. Use at least three (3) quality academic resources in this assignment.