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Price management and quantity management are crucial aspects of a business's sales strategy. Price management involves setting the right price for products or services, which can attract customers and drive sales. It requires understanding the market, competition, and customer's willingness to pay. On the other hand, quantity management ensures that the right amount of products or services is available to meet customer demand. It involves forecasting demand, managing inventory, and coordinating with suppliers. Both these aspects, when managed effectively, can enhance a business's sales strategy by ensuring customer satisfaction, optimizing profits, and maintaining a steady flow of sales.
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How do you juggle multiple high-priority tasks across an entire sales lifecycle? A well-balanced strategy. Plan, analyze, market, and drive your sales...
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First, create a sales plan. This should cover price management (how will the product be priced?) and quantity management (how much of the product needs to be purchased from suppliers?). You will also need to determine how to distribute company resources to carry out these sales. What's the sales team's budget, how many team members are there, etc.?
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