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Principles of Marketing Pricing Strategy

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Principles of Marketing: Pricing Strategy offers the student an overview of the information required to identify the role pricing plays in the marketing mix, to select appropriate objectives for pricing strategies, and to choose common methods to determine pricing. In addition, the program details the issues to consider when establishing a pricing strategy, the legal constraints that can affect pricing decisions, and the steps of the pricing process.

Learn To

  • Identify the objectives your pricing strategy might achieve.
  • Apply the correct terminology when developing a pricing strategy.
  • Choose options to establish different prices for different buyers.
  • Identify pricing strategies.
  • Sequence the steps of the pricing process.
  • Apply the appropriate steps of the pricing process.
Audience

Managers, supervisors, and executives who can influence the marketing and strategic goals of their organization.

Deployment Options

e-Learning

Accreditation

NASBA credits: 3 CPE Credits

CEU credits: 0.30 CEUs

Language Options

US English

Total Learning Time

2 to 4 hours

Objectives

Unit 1: Defining the Role of Pricing (0.5 - 1 hour)
  • Identify the role pricing plays in the marketing mix.
  • Identify the objectives your pricing strategy might achieve.
  • Identify the appropriate life cycle stage and pricing strategy for a given product.
  • Select the legal constraints that can affect your pricing decisions.
  • Simulation Overview:
  • In this simulation, you will meet with Bruce Madison and Elizabeth Williams to brainstorm about next year's pricing strategies for two video camera products. The purpose of the meeting is to develop initial recommendations to present to the Vice President of Marketing, Brian Smith. You will need to use your knowledge of pricing strategies and objectives to create recommendations.
Unit 2: Determining Price (0.5 - 1 hour)
  • Choose the options to establish different prices for different buyers.
  • Utilize pricing policies to create a flexible pricing system.
  • Identify pricing strategies.
  • Select the common methods for determining pricing.
  • Use the appropriate pricing formula in a given situation.
  • Simulation Overview:
  • In this simulation, you will meet with Paul White, Director of Sales, and Ronald Spear, Product Manager, to discuss a price for the Icon HSX-450, a top-of-the-line audio receiver. You will need to use your knowledge of pricing policies, strategies, and methods to develop a price recommendation to give to senior management.
Unit 3: Establising a Pricing Strategy (1 - 2 hours)
  • Select common issues to consider when establishing a pricing strategy.
  • Sequence the steps of the pricing process.
  • Apply the appropriate steps of the pricing process.
  • Simulation Overview:
  • In th

    Training Avaliability and Delivery

    This is primarily online training
    on-line e-learning cbt (computer based)This is an online eLearning or CBT training program
    cd romThis program may be available on CD
    Contact 123-CBT Computer Based Training for more information
    Training Presented in:English

    Related Keywords:  principles   marketing   pricing   strategy 

    Training Program Details


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    About 123-CBT Computer Based Training - Training Provider

    123-CBT Computer Based Training - 123-CBT offers discount pricing on top quality eLearning programs from leading computer based training providers. Many of the training courses are available both online or on CD so that you can study at home at your own pace: E-Learning available for - ABAP 6.10 - Access 2003 - Acrobat 6.0 - ASP - ASP.NET - C - Captivate 1.0 - Crystal Reports 8.5 - Crystal Reports v10 - Dreamweaver MX -...

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