Learn what MSRP means, how it relates to RRP, and why a manufacturer’s recommended price can differ from store prices and the basis for a discount claim.
Set a competitive pricing strategy with clear rules for matching, holding or raising prices, minimum contribution limits, and a worked sales-volume comparison.
Build a price lining strategy with distinct product tiers, clear upgrade benefits and sensible price gaps. Includes a worked example and common mistakes.
Learn how price anchoring shapes comparisons, what makes a reference price credible, and which mistakes to avoid with sale prices, MSRP and premium options.
Measure willingness to pay with a defined audience, a clear offer and useful price questions, then check stated purchase intent against actual buying behavior.
Learn how price skimming works, what can make a high launch price viable, and which demand, cost and competitor signals should guide later price reductions.
Apply cost-plus pricing with a clear cost base and markup. Work through costs, selling fees and supplier increases, then check whether the price can work.