The chemistry of profitable pricing: formulating margin-management solutions. (includes related articles on successful pricing, convincing consumers, ... An article from: Do-It-Yourself Retailing

This digital document is an article from Do-It-Yourself Retailing, published by National Retail Hardware Association on June 1, 1996. The length of the article is 5314 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: A hardware retailer's pricing strategy should include price shopping the competition for 500 store items. A well-chosen inventory of merchandise will enable an effective pricing of the whole stock. The retailer should also consider the salability and demand for his variety of merchandise, and the price-sensitivity of his items. Based on these factors, he can lower prices to make a good price image while not sacrificing his total profits. Implementation of a pricing system should also be guided by gathering information on rival stores and banking on their loopholes.

Citation Details
Title: The chemistry of profitable pricing: formulating margin-management solutions. (includes related articles on successful pricing, convincing consumers, and price shopping tips)(Cover Story)
Author: Walter E. Johnson
Publication:Do-It-Yourself Retailing (Magazine/Journal)
Date: June 1, 1996
Publisher: National Retail Hardware Association
Volume: v170 Issue: n6 Page: p41(8)

Article Type: Cover Story

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