News / Blog: #price

What is quotation preparation?

Quotation preparation is the process of making a specific offer to a customer. It usually involves a detailed analysis of the customer's requirements, determination of costs, preparation of a draft offer, negotiation of the price and final agreement on the offer. The goal of this process is to create a customized offer that meets the customer's needs.

What is pricing?

Pricing is the strategy a company uses to determine the prices for its products and services. It involves analyzing market conditions, costs, and other factors to determine a price that is attractive to consumers and maximizes the company's revenue. Pricing can also be a tool for companies to make their products or services stand out compared to those of their competitors.

What is a competitive advantage?

A competitive advantage is a particular advantage that a company has over its competitors. It can relate to a variety of things, such as cost, quality, technology, innovation, price, or customer service. A competitive advantage can help a company capture a larger market share, build customer loyalty, and increase sales.

What is added value?

Added value is a term that can be used in a variety of ways, but generally describes a benefit to buyers or consumers. Value added can also be defined as the difference between the price a buyer pays and the value they receive for the product or service. Added value can be achieved through cost reduction, an improved product, a better service, a better experience, or better customer service.

What is competitive analysis?

Competitive analysis is a strategic tool that allows companies to monitor, understand and predict the competition in their market. It helps companies identify competitive advantages and strategies by evaluating their competitors in terms of products, prices, marketing strategies, financial strength, and other factors. This enables companies to make better decisions to achieve their strategic goals.