Competitor Based Pricing | Pro & Con | Key Takeaways Competitor-based pricing may prevent companies from taking advantage of customers’ willingness to pay more for certain features or services. Missed potential revenue can result from competitor-based pricing. Setting prices too…
Average Customer Acquisition Cost SaaS Key Takeaways CAC is a measure of the cost of acquiring customers in the SaaS industry. Monitoring CAC over time helps identify trends and make resource allocation decisions. Lower CAC indicates better performance, but it…
Pricing Structure Key Takeaways Pricing structure is essential for determining the profitability of a business. Different types of pricing structures include market penetration, price skimming, psychology pricing, premium pricing, and economy pricing. Building a pricing structure involves understanding business objectives,…
What is demand-based pricing definition and advantage Demand based pricing is a pricing strategy used to set prices in the market based on customer demand for a service or product. In this pricing strategy, a product or service’s price is…
Understanding Unity of Command in Management: Principles and Advantages Principles of Unity of Command Unity of command is a fundamental principle of management that states that each employee should receive orders and instructions from only one superior. This principle ensures…
The Pros and Cons of Supply Chain Management: What You Should Know Advantages Improved Efficiency Supply chain management helps the organisation streamline processes and eliminate inefficiencies in the supply chain. This can result in improved Profitability and reduced inventory costs.…
What is vertical filing | Advantages and Disadvantages Vertical filing is a way of organizing documents in an office or other workspace. It involves arranging documents in upright file folders in a series of drawers or cabinets. The drawers are…
Delivery of goods| Rules | Modes of delivery What is Delivery of Goods Delivery of goods is the voluntary transfer of possession between parties under the Sale of Goods Act. In order for a delivery to be deemed valid, the…
Horizontal filing in office | Advantages and disadvantages What is Horizontal filing? Horizontal filing is a type of office filing that uses a horizontal filing system. During this filing, documents are stacked horizontally, one on top of the other based…
Store Keeping, Definition, Objectives and Functions Definition Of Store Keeping In the process of material control after purchasing and receiving material, the next step is to store materials and supplies in proper places until they are needed which is also…
Centralized Store and Decentralized Store Advantages And Disadvantages What is a centralized store? In a centralized store, materials are received and distributed to a company’s departments, divisions, sub-stores, and production floors. This store works as a central point for…
What Is Trade? Trading is the process of buying and selling goods and services for money or value. This involves the sale or exchange of goods and services for money or the value of that money. Produced goods are first…