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pricing

Pricing is the process whereby a business sets the price at which it will sell its products and services, and may be part of the business's marketing plan. In setting prices, the business will take into account the price at which it could acquire the goods, the manufacturing cost, the marketplace, competition, market condition, brand, and quality of product.
Pricing is a fundamental aspect of product management and is one of the four Ps of the marketing mix, the other three aspects being product, promotion, and place. Price is the only revenue generating element amongst the four Ps, the rest being cost centers. However, the other Ps of marketing will contribute to decreasing price elasticity and so enable price increases to drive greater revenue and profits.
Pricing can be a manual or automatic process of applying prices to purchase and sales orders, based on factors such as: a fixed amount, quantity break, promotion or sales campaign, specific vendor quote, price prevailing on entry, shipment or invoice date, combination of multiple orders or lines, and many others. Automated pricing systems require more setup and maintenance but may prevent pricing errors. The needs of the consumer can be converted into demand only if the consumer has the willingness and capacity to buy the product. Thus, pricing is the most important concept in the field of marketing, it is used as a tactical decision in response to changing competitive, market and organizational situations.

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  1. J

    Pricing whole house in coppers vs plastic

    Gents, It finally happened. A developer has asked for a price for the entire house to be fitted in copper with press fitting...... Does anyone have a rough idea of how much it would cost compared to plastic? Part of me wants to say double but it could be more when factioring labourt and...
  2. M

    Pricing jobs

    Can anyone give any advice on pricing jobs especially when only starting out. I find it really hard don't want to rip the customer off but neither myself. Thanks
  3. T

    Pricing rads for friends

    Could do with some advice, might be fitting some radiators for a family friend. I've done loads of freebies for friends and family and still currently in my apprenticeship, theres five radiators in total, i haven't looked at the job as of yet so not sure whether pipework will need altering or...
  4. V

    pricing costs / labor time to replace flexible coupling

    Good morning, I thought I would try here first before going elsewhere. in short I had a septic system flexible coupling needing replacing. Backed up waste water. It was less than a meter down and took plumbers less than 1/2 to diagnose I was charged $1560 originally Spoke to plumber to contest...
  5. D

    Solar thermal system labour and parts pricing

    As I recently had my HW cylinder replaced and we had to leave disconnected the solar thermal system from the HW cylinder and drained out the old glycol. What is involved in re-filling the thermal system with new glycol in terms of number of hours of labour and materials? I got a quote for a bit...
  6. J

    Bathroom pricing question

    Trying to price up for some work for someone, they want shower tray fitted toilet and basin in downstairs bathroom, and upstairs bathroom they want me to tile the shower cubical, fit concealed shower, basin and toilet, is Ā£900 to much? To cheap??
  7. R

    Underfloor heating pricing

    Hi I have a 600 Meter square new build commercial job to install UH . I am mainly a domestic plumber and this job is quite big for me. And i was wondering if i could get some ideas on how to price the labour. looking around 2 weeks to complete the job with 2 men and a apprentice. any help would...
  8. C

    Pricing + acceptable rates and mark up

    Hey guys, recently had a bit of a dispute over a quote asking me to break it down etc saying they can buy this from X for Y.. how much is labour/materials.. shockingly it was from friends so it's taken its toll on me mentally if I'm honest.. I'm don't think I'm outrageously pricey but I do a...
  9. B

    Opinions on pricing?

    Bit late as we are half way through šŸ˜© but just wondering if Iā€™ve had my pants taken down or this is reasonable (well the norm with supply and demand of work at present) All was ok until I got talking to a few lads at work and they thought it was excessively steep. Struggled getting quotes as...
    • Brownbear
    • Thread
    • america opinions pricing usa
    • Replies: 6
    • Forum: USA
  10. P

    Pricing to replace a vented cylinder with an unvented cylinder (megaflo)

    Hello , ive recently gone out on my own, i have been working in the industry 15years now /g3 qualified and i would just like to get some advice from the knowledgable people on this forum! i have done a lot of installing but haven't really got involved with the design as somebody else has done...
    • Piperdave22
    • Thread
    • america cylinder megaflo pricing replace unvented unvented cylinder usa vented vented cylinder
    • Replies: 10
    • Forum: USA
  11. Ryooo

    UFH Quotation pricing and info

    Hi guys, I'm pricing my first UFH job. It's a new extension. UFH zones in kitchen, utility and bathroom. I will be fitting a new boiler which will supply heat to the existing radiators and UFH. Having had no experience in UFH just wondering where the best place to start is. Would a manufacturer...
    • Ryooo
    • Thread
    • america pricing ufh usa
    • Replies: 3
    • Forum: USA
  12. L

    help with pricing to install new radiator

    Hi had a quote to install new radiator being tapped from another radiator the room is 3m so would be copper piped from that radiator to this new 1 was told if he does pipework along the wall will cost Ā£150 in labour or under the floor Ā£300 in labour i just dont understand he wants 45-Ā£50 an...
  13. M

    Commercial jobs pricing

    I have been asked to do a couple of commercial landlord gas safety checks. What do you commercial guys charge for this? I am new to the commercial world, do you use standard CP12 paperwork or is there anything different?
  14. A

    Landlord gas cert pricing?

    Hi, I understand some people don't like discussing money or giving away their prices so I understand if I don't get many replies. If you don't mind sharing, what do you charge for a Landlord gas safety cert? I have had people say they need a few doing soon but not sure what to charge them...
  15. Christopher buzzard

    Pricing a boiler change

    Hey. 1st post so sorry if it's been asked/answered before. Gas safe engineer for 13 years but through my firm which I still work for. 3 months ago I applied for my own registration number so I can do minor gas works outside of my normal working hours. Now out of my probation period. The advice...
  16. Eyespy999

    Mark up on materials from merchants and online purchases

    Evening guys, Hopefully this is the right forum to discuss this if not much apologies. My work is picking up and want to be competitive but also the business needs to pay its way. I have worked hard to develop a good relationship with the local merchants and my terms I think are fair. I am...
  17. L

    Fair Pricing for work done?

    so I have been asked to fit an electric shower, pipe work needs chasing into wall and re routing, electrics already there (bonus) and to change a defective stopcock (it's top floor of a block of flats ) customer bought the shower. So my question is, what would you guys charge for a job like...
  18. P

    Pricing of a 23 storey new f&r boosted cold

    Hi I'm currently trying to put a price together for a 23 storey building installing the landlords up to apartments 7 per floor plus risers flow return and boosted cold only picks up 3 valves outside apartments water meter drv etc starts off at 4" at the bottom of the riser goes down to 50mm at...
  19. cr0ft

    Commercial Pricing

    OK, so given the significant cost of getting commercial gas tickets.. How much do you guys charge per hour for commercial gas work? I'd be interested to know how it compares to what you charge for domestic gas work too so I can compare. It's a new market for us as of next month and I honestly...
  20. GQuigley67

    pricing large jobs

    got a chance to tender for my largest project to date, 300m2 domestic new build with underfloor heating, plant room with boiler and unvented cylinder, boosted cold water, all plumbing work and gas work. Its specified a U6 meter but trac pipe of 50mm? no spec for the boiler yet. I've got the...
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