Programme Overview

To remain successful in any business, customers must be attracted and retained – part of this is achieved through pricing your product/service correctly to meet customers’ expectations. However, a business has to also make a profit and it essential to incorporate pricing for profit as part of a business strategy. This course will enable participants to “strike the balance” by correctly costing and pricing to both meet the expectations of consumers and to the advantage the business.

 Programme Objectives

• Understanding the difference between variable costs and fixed costs
• Break even analysis
• Pricing your Product or Service
• Have gained advise on various cost cutting techniques
• Consider the expectations of customer and learn how to meet these
• Have carried out a breakeven analysis
•  Understand real costs & cost control
• Have assessed current pricing strategy
• Learn how to gain a leading edge over competitors

This programme will provide training in the following areas   

• Calculation of costs
• Apportioning overheads to individual jobs / products
• Time management and costing – including job timesheets
• Costing techniques
• Pricing for profit
• Pricing and the market
• Introduction to break even analysis

Delivery Methodology 

Formal tuition, practical assignments to maximise learning centred outcomes.  Participants will be provided with practical tools, methods and ideas.