One can adjust and analyze pricing to maximize profit margin by using pricing tools to evaluate cost, features, market share, competition, and customer price sensitivity. This will help to pick the right price for the right market. Key metrics such as Lifetime Value (LTV), Customer Acquisition Cost (CAC), Cost of Goods Sold (COGS), market share gained, or customer price perception can be used to adjust and analyze pricing.
Need to evaluate the best pricing strategy for a product? This Pricing Strategy spreadsheet includes...
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