• According to a McKinsey study of 2,400 companies, a 1% price rise leads to an 11% increase in profits for a typical companyhttp://knowledge.wharton.upenn.edu/article.cfm?articleid=792
    • The same study shows a 1% cost reduction only raises profits by 2.3%, and a 1% increase in sales only 3.3%http://knowledge.wharton.upenn.edu/article.cfm?articleid=792
  • Pricing is one of the most critical aspects of any business, and can make the difference between making handsome profits and turning a loss.

    Pricing is also complex, as it interacts with branding, competitive positioning, sales levels and capacity requirements.

    This page provides resources for creating an effective pricing strategy, one which sets prices at levels most likely to lead to sustained business success.

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