Many methods applied in determining the price, the method is a method of price-based demand, cost-based, income-based, and based competition.
below will explain the method:
1. Method of demand-based pricing
This method is more emphasis on factors tastes and preferences of customers
2. The method of cost-based prices
prices are set after calculating the cost of production and marketing coupled with a certain amount that can meutupi direct costs, overhead, and profit.
3. The method of profit-based pricing
The purpose of this method is the balance between revenue and costs in pricing. this is done by the target volume or a specific profit as a percentage of sales volumes or investment
4. The method of price-based competition
is a pricing method that focuses on the market price or competitor.