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More businesses seek short-term profits for long-term survival
11/3/2008 8:56 AM EST
As financial markets veer wildly around the globe, minute-by-minute, companies now struggle to maintain the cash reserves necessary to keep their doors open. However, options to do so are rapidly narrowing. Attracting sources of new venture capital can be a difficult task. Access to new credit is also equally difficult.
All of this makes the ability to pinpoint prices for goods and services that result in more robust profit margins – right now – all the more important. But a quick-fix approach to boosting sales may not be the ideal solution in the long run.
“When it comes to pricing, choosing strategy over tactics can be difficult,” says Per Högberg, a senior partner and founder of PriceGain. “Many companies manage their pricing on a deal-to-deal basis without a long-term objective. The deal may be won, but profit can be left on the table.”
With offices in Sweden, the United Kingdom and representatives in the United States, PriceGain is an international pricing...
Swedish pricing consultancy flourishes
10/22/2008 4:55 AM EST
A growing number of companies are realizing the benefits of determining the prices of their products and services according to customers’ willingness to pay – rather than the...
Swedish pricing experts offer silver lining in gloomy economic climate
10/20/2008 6:46 AM EST
Stock markets are undulating. Consumer spending power is plummeting. And even the most stable businesses are under pressure. But some companies are finding a way out of the stormy...
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