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Services Pricing and Revenue Management

The price of any service is crucial to the success of the service and the service provider in the market. Setting the right price for a product or service requires a technique that can help to ensure the survival of the product or service. A wrongly concocted pricing strategy can lead to poor sales, or eventually, failure of the business. In parallel, the revenue management system is crucial as well as the pricing. While the business must ensure that it does not run at a loss, it needs to ensure that it is not overpriced and that it actually gives the right value for what is received. Sales do not always end when there is an exchange of cash for goods or service; return purchase is also a crucial factor that ensures the survival of many businesses. If the wrong value is exchanged in the first purchase, there will likely not be a return purchase. Ultimately, the right value must be given for what is earn! Take this online course to learn these techniques and skills.

  • 3000
  • 15000
  • Course Includes
  • 1.20 Hour Video Class
  • Free Certificate of Completion
  • 1 Year Access

Enrol and get access to the full course.

What you will learn

  • How to Increase Value of Service
  • Types of Service Pricing Objectives
  • Economic Factors Affecting Service Pricing
  • Process of Services Pricing Strategy Formulation
  • Competitor Analysis for Services Pricing
  • Price Elasticity of Supply
  • Types of Service Pricing Models
  • Factors Affecting Services Revenue Growth
  • How to Decrease Costs of Providing Services
  • Strategies for Revenue Growth and more.

Requirements

  • No specific skill is required to take this course. An interest in the topic is only what is required.

Description

Service price is the amount of money or goods for which a service can be bought or sold. Hence, it is a measure of the value of the service in monetary or financial terms. The service price is a value measured by what must be given, done or undergone to obtain something. Service price is also the marketing variable that can be changed most quickly, such as in reaction to a competitor price change. The price of any service is crucial to the success of the service and the service provider in the market. Setting the right price for a product or service requires a technique that can help to ensure the survival of the product or service.

A wrongly concocted pricing strategy can lead to poor sales, or eventually, failure of the business. In parallel, the revenue management system is crucial as well as the pricing. While the business must ensure that it does not run at a loss, it needs to ensure that it is not overpriced and that it actually gives the right value for what is received.  Sales do not always end when there is an exchange of cash for goods or service; return purchase is also a crucial factor that ensures the survival of many businesses. If the wrong value is exchanged in the first purchase, there will likely not be a return purchase. Ultimately, the right value must be given for what is earn! Take this online course to learn these techniques and skills.

Course Content

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Introduction-to-Services-Pricing-and-Revenue-Management
preview 5min
Explain What is Service Price
2min