Advanced Pricing Model Formulas-Online Course
Learn how to create and apply advanced pricing formulas in this online course - it's gonna be a game-changer!
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Online
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Highlights
- Online
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About this event
Sharpen your pricing strategy with proven model formulas and avoid common mistakes in market, cost, and value-based approaches.
Overview
Pricing isn't guesswork—it’s maths, markets, and mindset. This course walks you through advanced pricing model formulas without drowning you in fluff. You’ll explore how different models behave, where they shine, and where they quite frankly miss the mark. From cost-based logic to market-driven tactics and value-focused approaches, each module strips back the noise and gets to the point.
Whether you're adjusting margins, analysing competitors, or just tired of pricing on a hunch, this course helps you think like a strategist. With a no-nonsense look at common errors and a full case study to test your approach, you’ll come away knowing not just what to charge—but why. A smart price isn’t just a number. It’s a strategy, and it starts here.
Learning Outcomes:
- Understand how cost-based pricing influences profit and perception.
- Evaluate market-based pricing through competition and demand data.
- Assess value-based pricing with a focus on customer benefit.
- Compare pricing strategies for different business and product types.
- Identify errors commonly made in pricing decisions and planning.
- Apply formula-driven models in pricing through structured case analysis.
Module 1: Introduction to Pricing Strategies
Module 2: Cost-Based Pricing – Pros and Cons Module 3: Market-Based Pricing – Pros and Cons Module 4: Value-Based Pricing – Pros and Cons Module 5: Choosing the Right Pricing Model
Module 6: Common Mistakes in Pricing
Module 7: Case Study – Setting Your Price
Who is this Course For:
- Entrepreneurs refining their business pricing decisions.
- Freelancers needing structure behind pricing their services.
- Start-up founders building revenue strategies from scratch.
- Product managers aligning pricing with customer expectations.
- Consultants offering pricing advice to client businesses.
- Business students interested in revenue strategy fundamentals.
- Finance professionals supporting price-setting with data.
- Marketers positioning products within competitive pricing models.
Career Path (UK Average Salary):
- Pricing Analyst – £38,000 per year
- Product Manager – £52,000 per year
- Financial Analyst – £45,000 per year
- Business Consultant – £50,000 per year
- Marketing Manager – £48,000 per year
- Commercial Strategist – £55,000 per year
Frequently asked questions
Oracle Advanced Pricing is a module for defining and managing complex pricing strategies, including discounts, promotions, and tiered pricing based on various attributes.
Pricing formulas in Oracle define how prices are calculated using base prices and adjustments based on factors like quantity, customer, or date.
Oracle Pricing offers several modifier line types, including discount, surcharge, freight, and tax, allowing for diverse pricing adjustments.
In Oracle Apps R12 Pricing, a modifier is a pricing rule that adjusts the base price of an item, such as applying discounts or surcharges based on specific conditions.
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