About this Module
Price is an important metric for any business because it primarily determines profit. However, when starting your entrepreneurship journey, you may believe that you have minimal control over your price because you believe it is set through market forces and that you just have to follow what your competitors are charging.
What if there is an alternative, where you exercise more control over your prices? This module will dive deep into understanding the drivers of price and profit. And take you through a practical example of how to set product prices and analyze your cost. You will also be able to get a better understanding of your revenue model and revenue streams.
What You'll Learn
By the end of this module, you'll have a better understanding of:
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The concept of price
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Various methods to determine your price
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What a cost is
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Different types of costs
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What costs are included when setting a price
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How to establish the value of your product or service with your customers
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What a revenue model is
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What a revenue stream is
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How to establish break-even point
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How to identify profit
Course curriculum
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Module 4 - Video Lesson
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Module 4 - Product costing & pricing - revenue model Presentation (Notes)
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Assignment 3: Product Costing & Pricing
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About this course
- €25,00
- 3 lessons
- 1 hour of video content