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Wth is CM1, CM2???? CM - Contribution Margin Contribution margin is the selling price per unit minus the variable cost per unit. CM1 = Contribution margin one= selling price- material costs - logistics costs. CM2= Contribution margin two= sellin

Pricing Strategies:- 1. Cost-Plus Pricing: Adds a markup to production costs. - Example: A $10 product sold for $15 ensures profit. 2. Value-Based Pricing: Prices reflect perceived customer value. - Example: Apple charges premium rates for i

How to Calculate Product Cost, Set Profit & Selling Price - Using a Cost Sheet 🤔 Ever wondered how businesses actually price their products? It all starts with one simple but powerful tool: the Cost Sheet. 🚀🔥 Here’s how it helps: 1️⃣ Calculate

*USP (Unique Selling Proposition)* refers to the distinctive feature or benefit that sets your product or service apart from competitors. This is essentially the reason why customers should choose your product over others, highlighting its uniqueness

in previous some post I had posted an idea of creating edible food packing and got good response from everyone. Now here's come the pricing problem a batch of creating a 100 450ml container cost around 2680rupees, which make the price of each contain

Planing to start a own clothing brand need investors. Mentioning below all the points which makes unique and different from other brands and which can also make this brand grow faster. 1) Unique designs and Custom designs. 2) Cheaper than all the ot

What are your thoughts on opening a recruitment consultancy with a unique selling proposition (USP) focused on offering competitive rates, rather than the standard 8.33% fee? By differentiating ourselves through more attractive pricing, we aim to a

The Psychology of Pricing: How to Set Prices That Sell Pricing isn’t just about numbers; it’s about psychology. Understanding how people think can help you set prices that not only attract but also convert. Here’s how: 1. The Power of “9”: Ever wonde

“Loss Leader Pricing: Winning Customers by Losing Money (Strategically)” “Loss Leader Pricing.” This strategy involves selling a product or service at a price that is intentionally below cost to attract customers. The goal isn’t to profit from the i

There are 10 ways to evaluate Market. 1. Urgency. How badly do people want or need this right now? 2. Market Size. How many people are purchasing things like this? 3. Pricing Potential. What is the highest price a typical purchaser would be w