One can evaluate the cost of a product by using pricing tools to analyze cost, features, market share, competition, and customer price sensitivity. 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 to maximize profit margin.
Need to evaluate the best pricing strategy for a product? This Pricing Strategy spreadsheet includes...
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