Pricing News Daily > 11/13/17

pricingnews-DailyPricing News Daily is a digest of top pricing strategy in the news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals, business owners, creative professionals, and independent contractors.

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Professional Pricing Society

Currently, PPS produces three major annual pricing conferences in Europe and North America. Each conference also houses a technology hall where sponsors display the latest in Pricing Solutions software. PPS also offers more than two dozen, full-day training workshops every year, taught by leaders in the pricing community. These workshops serve as the foundation for PPS’s Certified Pricing Professional (CPP) designation, our state of the art pricing certification program. Candidates may be certified after mastering a multi-stage curriculum followed by rigorous testing. Successful CPPs have acquired the core knowledge which not only places them in the top rungs of the pricing field, but also gives them the tools to enhance substantially their own careers.

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Headlines

Nutella’s controversial recipe change sparks outrage | NEWDAILY

Nutella’s controversial recipe change sparks outrage | NEWDAILY

Turkey produces about 70 per cent of the world’s hazelnuts, with Ferrero Australasia importing about 2000 tonnes to meet local demand. However, Ferrero’s long-term reliance on production in Turkey – and their volatile pricing – has led it to search for new suppliers, including Australia, Canada and Chile, Fairfax reported. A Rural Industries Research and Development Corporation […]

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Regal Cinemas will introduce surge pricing at some movie theaters next year — Quartz

Regal Cinemas will introduce surge pricing at some movie theaters next year — Quartz

Markets work best when highly valued goods and services are more expensive. And generally, people are fine with that. We understand that prime cuts of filet mignon cannot cost the same as McDonald’s burgers, and that there’s a reason first-class plane tickets cost more than coach. If these things were all the same price, it […]

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Discussion: (11) India – When Discounts and Loyalty Programs Turn Anticompetitive | Conventus Law

Discussion: (11) India – When Discounts and Loyalty Programs Turn Anticompetitive | Conventus Law

For example, if the quantum of discount offered by a dominant enterprise is so significant that the sale price goes below the average variable cost, and the discount is offered with the intention to drive competitors out of the market, the CCI could consider it as predatory and hence anti-competitive. Likewise, when a dominant enterprise […]

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India – Pricing | export.gov

India – Pricing | export.gov

When formulating key strategies and making decisions about product pricing for the Indian market, it is important to remember that simple conversion of U.S. dollar prices to Indian rupees will not work in most cases.  Also, the assumption that a latent niche market for premium products exists has often resulted in low sales volumes and […]

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Career Mistake 117: Pricing Yourself Out of the Market | HuffPost

Career Mistake 117: Pricing Yourself Out of the Market | HuffPost

Getting a job is similar to selling a house. Most sellers have an emotional attachment to their house and price it way about the COMPS (market rate). Candidates tend to do the same thing – ask for compensation that is far above the market rate and/or more than their education and experience justify. Same result: […]

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Having to pay for airline comfort, convenience | kelownadailycourier.ca

Having to pay for airline comfort, convenience | kelownadailycourier.ca

Economists have a high level of faith in pricing to convey information to the consumer and to influence consumer behaviour. Recently I traveled to eastern Canada and in so doing observed several cases in which pricing policy did its job – and cases where it conspicuously didn’t. For example, the Airbus 319 used on the […]

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Fiesta CEO: Hurricanes to blame for Q3 declines | Fast Casual

Fiesta CEO: Hurricanes to blame for Q3 declines | Fast Casual

Managing capital and financial discipline Based on research and financial modeling, the company has introduced a tiered menu pricing strategy across both brands in October. According to the company, other accomplishments in this area are below: Nine Pollo Tropical Company-owned restaurants have been remodeled this year and one Taco Cabana restaurant will be remodeled by […]

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Power hike ‘will lead to job losses’ | Daily News

Electricity was a significant expense for many businesses, being second to labour cost, she said. “The additional cost has to be accommodated somewhere else and since it cannot be passed on to customers in pricing because that would just render us uncompetitive, it must be accommodated by shedding labour costs.” Eskom wants its clients to […]

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Featured Content and Events

Training: Professional Pricing Society (PPS) Membership

Training: Professional Pricing Society (PPS) Membership

Why Become A Professional Pricing Society (PPS) Member? Your PPS membership will allow you to connect to a global pricing network of your peers who have the same career focus. Start your membership today to gain a competitive advantage and pricing power through PPS’ conferences, online training and access to top pricing executives. Increase your value by developing new knowledge, skills and solutions from leading experts in the pricing community. Your PPS membership will put you on the fast-track to obtaining your Certified Pricing Professional (CPP) designation.

 

DigitalPricingSummit_300x250

Conference: Digital Pricing Summit | IQPC

Pricing transformation through digital disruption.

DIGITAL TRANSFORMATION AND E-COMMERCE | DIGITAL PRICING STRATEGIES FOR B2C | E-COMMERCE PRICING IN THE B2B CONTEXT | VALUE CREATION AND CHANNEL MANAGEMENT | DIGITAL SUBSCRIPTIONS AND PAYMENTS | REVENUE MANAGEMENT & COMMERCIAL EXCELLENCE

  • Understand how digitalisation and online services are changing the future of commerce
  • Develop superior pricing strategies in the highly competitive B2C space
  • Explore how digital transformation and ecommerce are interdependent in the B2B context
  • Value creation, communication, managing partners and channel conflict
  • Leverage margin enhancement in digital subscriptions and leveraging digital payment platforms
  • Identify revenue management and commercial strategies for pricing excellence
  • Learn about setting up ecommerce platforms, subscriptions, data analytics and applications for pricing excellence.


The following is a daily-dose of pricing cartoons and quotes, enjoy…

 

“The single most important decision in evaluating a business is pricing power,” Buffett told the Financial Crisis Inquiry Commission in an interview released by the panel last week. “If you’ve got the power to raise prices without losing business to a competitor, you’ve got a very good business. And if you have to have a prayer session before raising the price by 10 percent, then you’ve got a terrible business.”

     – Warren Buffett

 

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