strategic pricing adjustment

Language: en

📖 Definitions

  1. A deliberate change in product or service prices implemented to achieve specific long-term business objectives, such as increasing market share, maximizing profit margins, or responding to competitive pressures.; A calculated modification of price points based on data analysis, cost structures, and consumer demand elasticity to optimize revenue streams.

💬 Examples

  1. The company announced a strategic pricing adjustment to remain competitive in the emerging Asian market.

  2. After analyzing customer feedback and competitor rates, management decided on a strategic pricing adjustment for the premium tier services.