This model goes beyond texbook "straight-line" relationships between prices and sales to estimate optimal prices.
An optimal price is one that yields a maximum of either revenue or profit, by taking
into account cost of goods and other per-unit expenses you choose to include.
This model helps you:
- 1. Model price changes before making them
- 2. Set price to maximize revenue
- 3. Set price to maximize profit
The model helps you to focus on improving your pricing, not on building preadsheets.
Try our customizing process now for free. It's easy - and fast. If you like what you see, buy it and start using it.
Your purchase entitles you to customize and download your workbook three times, so you can to edit your model, correct any errors, and include features you may have declined.
If you want to include the impact of your other products or competitors' products, then
try our model "Price Elasticity for Several Products".