borderitsolutions / amadaa

Amadaa means plantain in Gã.
MIT License
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Sales price #218

Open lcabrini opened 8 years ago

lcabrini commented 8 years ago

I want to understand the mechanisms of product pricing (sales price). This is what I have understood so far.

At product level

  1. every product has a base price (actually attached to the unit of measurement)
  2. each branch is able to override that price

At stock level

  1. The price can be overridden on a particular portion of stock.

Is this correct?

lcabrini commented 8 years ago

@BorderITS need your input here.

BorderITS commented 8 years ago

yes but i will do more research on that

BorderITS commented 8 years ago

Ask people to pay too much for your product or service and they will stop buying; ask too little and your profit margin slides or customers assume your product is poor quality. An "optimum price" factors in all your costs and maximises your margins while remaining attractive to customers. Here's how to set it.

**Know the market. You need to find out how much customers will pay, as well as how much competitors charge. You can then decide whether to match or beat them. Simply matching a price is dangerous, though - you need to be sure all direct costs will be covered and that there's enough "fat" left to cover indirect cost.**