Undergraduate Certificate in SME Pricing Strategy
-- ViewingNowThe Undergraduate Certificate in SME Pricing Strategy is a comprehensive course designed to meet the growing industry demand for professionals skilled in small and medium enterprise (SME) pricing. This certificate program emphasizes the importance of strategic pricing in business success, providing learners with essential skills to make informed pricing decisions that drive revenue and profitability.
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⢠Fundamentals of Pricing Strategy: Introduction to the concept of pricing strategy and its importance in SMEs. Understanding the primary and secondary keywords, cost-plus pricing, value-based pricing, and competitive pricing.
⢠Understanding Cost Structures: Analysis of the different types of costs incurred by SMEs, including fixed, variable, and semi-variable costs. Examination of how these costs impact pricing decisions.
⢠Market Research & Competitive Analysis: Techniques for conducting market research and analyzing competitors to inform pricing decisions. Understanding the importance of gathering data on customer behavior, preferences, and willingness to pay.
⢠Pricing Psychology & Consumer Behavior: Exploration of the psychological factors that influence consumer behavior and how they can be used to optimize pricing strategy. Understanding the concepts of price anchoring, framing, and reference pricing.
⢠Pricing Models for SMEs: Overview of the various pricing models that can be used in SMEs, including subscription-based pricing, tiered pricing, and dynamic pricing. Analysis of the advantages and disadvantages of each model.
⢠Pricing Strategies for Digital Products & Services: Examination of the unique considerations involved in pricing digital products and services, such as software, online courses, and digital subscriptions. Understanding the importance of considering the cost of goods sold, competition, and market demand.
⢠Pricing Analytics & KPIs: Analysis of the key performance indicators (KPIs) used to measure the success of pricing strategies. Understanding the importance of tracking metrics such as revenue growth, profitability, and customer lifetime value.
⢠Implementing & Managing Pricing Strategy: Techniques for implementing and managing pricing strategy in SMEs. Understanding the importance of communication, stakeholder management, and ongoing monitoring and evaluation.
Note: This list of course units is intended as a general guide and may be subject to change depending on the
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