Thursday, February 9, 2012

Visible, there are many factors cufflinks jewelry price elasticity of demand

Many cufflinks companies have discount, the price war, enterprises this practice should be careful. In fact, the price war triggered by the price discounts, the benefits does allow consumers to benefit, and this corresponds to the decline in the profit margins of businesses; the downside is that makes the market a number of destabilizing factors, and lower prices at the same time, businesses increased sales, but the unit cufflinks product prices fell, sales revenue is not necessarily increased. My wife often wear cufflinks.
Cufflinks products, pricing decisions, price cuts, we should be cautiously treated, where the market is very detailed study, and figured out the firm's demand curve to calculate the price elasticity of demand possible, and then make appropriate judgment. In market research, pay attention to the impact cufflinks jewelry price elasticity of demand factors, including: Spending accounts for the proportion of people's income to purchase cufflinks jewelry. Speaking of the cuff links businessmen, they should say thanks to Huang.  Cufflinks jewelry alternatives and the degree of substitution. Other areas: product durability, product timing factors
Visible, there are many factors cufflinks jewelry price elasticity of demand. Discount pricing, various businesses, in addition to the flexibility of the above discussed changes, its cost (including implicit and explicit costs) are also different, is not you can lower the price I was able to cut prices, which kinds of pique means to compete is not suitable for rational operators. Now, most of the staffs in his company often wear the cufflinks Mr. Huang sent to.  From the maintenance of the common market rather than to destroy a market this perspective, it will not appear are not suitable for the sound development of the market approach. The promotion is divided into marketing and personal selling (advertising, sales promotion, public relations, etc.).
Costs, increased sales, while fixed costs (such as the salesperson's wages, advertising, etc.) increase in general is not, contains cufflinks jewelry merchandise in the variable costs increase with sales volume linear. Thus, they develop the habit of wearing mens cufflinks.  In the case of sales, the proportion of fixed costs to total costs is small, At this point, the decision-making as long as attention to the jewelry material costs, production costs, transportation costs, as well as shopping malls point deduction can discount before all the costs included, and then make pricing flexibility index.
In short, the pricing methods and strategies of cufflinks jewelry in a variety of methods and strategies is not very advantageous was that any other method can not be compared, but each method has its advantages and limitations, it is important for pricing decision-making must not be subjective Allusions to spend a little effort to understand and analyze the market index, in order to fail not the least bit in the pricing decisions of a thousand miles. Promote sales (referred to as promotion), refers to the cufflinks and other products and services to consumers media coverage, it is recommended to persuade, influence and promote consumers' purchase behavior and consumption patterns, to expand sales. However, Mr. Huang does not always wear his cufflinks now.

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