For consumers, prices played a role in the decision to purchase this product or other products. For business, the price position is particularly important in the process of reproduction because it is the last stitch of the result embodied in other sewingThe decision about the price of the business is influenced by many factors both inside and outside.Pricing strategy depends on the marketing goals of the company. When determining the price of the product, the company needs to consider the step of the valuation are as follows:First, the company selected the target marketing through pricing, that is: cost, profit, maximize revenue, increase consumption, increase the win the "delicious" of the market or taking the leading position in terms of product quality.Second, companies identify, estimate the scale of demand and elasticity of demand to be appropriate for the valuation bases.Tuesday, the company's estimated price and this is the price of flooring products.Fourth, learn the price of competitors to determine the location for the price.On Thursday, the choice of valuation method, it includes the method: valuation of extra price, valuation according to the profit target, priced according to the value perceived by the customer, the price according to the value, according to the current price valuation, valuation of bidding.Friday, the company selected its final price, in cooperation with other elements of Marketing-mix.Due to the issue of competition and the change of the market pull in the company must change, price adjustments for appropriate, can have the following adjustment strategies: pricing according to the geographic principle, extracting price and reduced price promotions, pricing, valuation and valuation of distinction for the product category.When making the change of price adjustment, the company needs to consider carefully the reaction of the market, customers and competitors
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