Product Cost and Price Management
What you'll learn
- Create a Business Model (Lean Chart)
- Structure of Organised v/s Unorganised Markets
- Knowledge of Market Positions and Value Chains
- Estimate Product & Service Costs: Top-Down and Bottom-Up Methods
- Prepare Profit and Loss (Income) Statement
- Capital Assets and Depreciation Calculation
- Debt Types and Interest Cost Calculation
- Relation between Margins and Nature of Business
- Pricing Strategies in Practice in relation to Business Nature
- Discounting Types and Strategies in Practice
Requirements
- Elementary English
- Cleared School
Description
Ever wondered,
Why do VCs finance the discounting spree of Start-ups?
Why do companies provide hefty discount and lose money?
Why are certain products more expensive than similar counter parts?
Why do seemingly stable and high revenue businesses go bust?
Why are some businesses more successful than the others?
This course will empower you to answer these questions all by yourself.
Estimating Product or Service Cost is a critical aspect that affects the profitability and success of businesses. If costs are underestimated it will lead to losses accrued overtime; whereas, if overestimated it will result in high price making the product undesirable to the audience.
Hence, it is important for managers, freelancers and entrepreneurs to know cost estimation and basics of business finance.
Moreover, product pricing is a critical factor that affects the success of product in market. Although it is subject of marketing, it has significant on the finances of the business.
Hence, managers and entrepreneurs need to understand the concept of pricing and its impact on finances.
And this course is designed to explain the intertwined aspects of business model, product cost and pricing. You will also get hands on practice with the assignments and tools offered across this course.
Who this course is for:
- Managers
- Analysts and Executives
- Entrepreneurs and Business Owners
- Freelancers and Professionals
Course content
- Preview07:26
- Preview06:48
- 02:07About the Instructor
- 2 questionsClarity of Understanding Price and Cost
Instructor
![Avik Munshi, PMP®](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 64 64"%3E%3C/svg%3E){kind=avatar}
- 4.4 Instructor Rating
- 2,045 Reviews
- 21,973 Students
- 6 Courses
Mr. Munshi has experience across industries including construction, plastics, chemicals, engineering, and real-estate. His specialises in management systems, corporate finance and business analytics for agile start-ups and conventional enterprises.
His academic background, research engagement, academic involvement and consulting practice has developed him unique skill set and multi faceted perspective necessary for solving complex management challenges.
He has enabled multi million dollar MOUs with Multi Nationals and managed organisational transformation and business process re-design. His consulting engagements have enabled funding and decisions for multi-million dollar business projects, while his papers have been published by national publications and presented at international conferences.