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Costing and Pricing Principles - Accredited

Costing and Pricing Principles - 263455 - Accredited - Outline - 2024.pdf
Unit Standard: 
263455
NQF Level: 
NQF 4
Credits: 
6
Course Category: 
Finance

Accredited
Duration: 2 Days
Time: 8:30am-4:00pm

 “The moment you make a mistake in pricing, you're eating into your reputation or your profits.” - Katharine Paine

 Pricing products and services is critical for all businesses, particularly for new ventures and small businesses who may not have the resources to sustain the consequences of a mistake. Whilst not the most exciting part of the marketing mix, it is uniquely crucial and can make or break a business. Of concern is that the attention given to costing and pricing is often way less than is necessary.

 WHO SHOULD ATTEND

  • Entrepreneurs
  • Business owners and managers
  • Sales and marketing staff
  • Buyers
 HOW YOU WILL BENEFIT
  • Understand the flow of the trading cycle and the concepts of costing and pricing
  • Learn how to identify and use factors that impact pricing decisions
  • Understand the relationship between
    • Cost
    • Pricing
    • Revenue
    • Profit

and how crucial they all are to the financial viability of any business

Official course name: 
Apply the principles of costing and pricing to a business venture 
Accredited: 
Yes

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