Why data-driven pricing analysis is necessary to understand consumer price sensitivity and match price points to true value.
Category: Business Analysis
With competition becoming more globalized, it can be difficult to find innovative ways to increase profits and stay competitive in the market. Automation can help, but it can be expensive to implement. However, there are many other ways your company can increase profits.
First, take a step back and look at its product lines and clients from a macro perspective. By identifying which products and services are the most and least profitable through a profitability analysis, it can help leaders make important decisions that will impact your company’s total economic value.