it is intresting, but I have a question. how and in which sources I can find the price of raw matterial. I appreciate you if you introduce some sources to me? thanks
There is no strict rule in pricing. It is a highly variable attribute. You can easily estimate your cost ,putting all costs together. Then you add your marginal profit depending upon the situation. If you stick with conventional pricing policy, say 25% marginal profit from the first point - the importer or stockist- and higher percentage from this point onwards, you will end up in losses. This world has changed. The consumer lives in a knowldege based society. So he knows before hand what should be the price for the item he is looking for. Suppose he wants to buy a PC Notebook or a music sytem or a car, he can surf through internet or make toll free calls and get all most all the information he wants. Only , as the author mentioned, in certain service industry , the buyer is not much informed about the price and quality of the service product.
I am an importer and I have certain rules in pricing, which have to be changed according to the market situation.Other wise all the goods imported will remain in the ware house.
The article gave me some good tips and I express my gratitude to the author.