1 / 3

How to Use Price Gun for lending simple

The popular use of such u201cPrice Gou201d method is when a customer is presented with a range of goods or u201cValue packsu201d of goods and asked to select the best of the bunch. In this case the customer choosing the u201cBestu201d product is selecting a price that in monetary terms exceeds the other u201cBu201d products and hence the customer u201cGoesu201d out of the shop with the additional purchased goods. Such a operation relies on a calculated Price Gun. A price gun can provide a basis for comparing similar products and brand names to provide an improved customer service and support. u2014 effects Research has shown that such price comparison pitting u201cBestu201d against u201cBu201d can be an effective move to win trust between customers and provide a clear differentiation between products. The first step was price guns. The price guns provide two mechanisms to compare products: (A) price guns like Price2Value and PriceCheap from John Hopkins University and (B) price hierarchies like Price Rank and Price Perceived Price. Two price guns were developed. A price hierarchy simplifies the purchasing process and corrects level of socioeconomic status requirement. Goods below a certain price get removed from the price hierarchy. A high price for low quality items is natural in pricing. This pricing practice and its reasoning are given below.<br>

Download Presentation

How to Use Price Gun for lending simple

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. ITSTICK LABELS LIMITED Price GunUK How to Use Price Gun for Lending Simple WWW.ITSTICKLABELS.CO.UK

  2. HowtoUsePriceGunfor LendingSimple Typically,aloanisapproachedwherethebuyer ‘paysback’ theprincipalandthe interest-freeportionoftheloanwithinoneyear,allowingtimeforthebusinessto recoverHaving ‘inprinciple’ thefeaturetolendoutloansquotesatfixedpricesbased onthedurationoftheloansi.e.3months,6months,etc.Fromthestatisticsthesales increaseallthemore. Howeverinpractice,customerswhohaveminimalcredithistoryandwanttoincura loanusuallyareimpossibletoqualify.Whilethetermoftheloancanvaryfrommonth tomonth,theamountoftheloanusuallyincreasesaccordinglyi.e.theinterestrate (+) orthe ‘penalty’ chargedonrepayments (-) dependsontheloantermsnegotiatedwith thecustomersincetheprovider (us) setstheprice.Asitturnsout,mostsubmissions wereoutrightrefusedbybankseveryday.Mostcustomersalsohadtomeetsecured versusunsecuredcriteria.Securedloansrequirecollateralofyour1/3rdstakeinthe companyorsomeotherassurancesuchasyourhouse,car,jewellery,stocksand sharesetc.UnsecuredquotesareexclusivetoSMEsector &Rs.Inpractice,itwas hardertogetapprovedwithoutcollateral. Thechoicebetweensecured & unsecuredloansseemstrivialbutthereareETFwhich investinaccount-basedsecuritiessuchasstocks,HDFCMutualFund,etc..Purchasers ofQuickPayloansneedtoinvestatleast50% equityinthecompanytoqualifyfora loan.SinceQuickPaywasonlyactingasthemiddle-maninthetransaction,itwas difficulttoachievetherequiredequity. Ontheotherhand,oftentimestheproductdetailsareclearandthereisnoconfusion onwhichsideyourproductispricedon.Weprovideyouwithoptionsfromthetwo pricingoptionsidebysideandletyouaddtotheorganizationside.Wehavejust discussedaboutthepricingstructure. WWW.ITSTICKLABELS.CO.UK

  3. WhyaItStickLabels? ItstickLabelswasfoundedinFebruary1986andatthistimewesupplied handheldlabellersandlabelstoshopsandindustry.Sincethenwehave expandedanddevelopedawiderangeofproductsandnowsupplyalltypes ofselfadhesivelabels,plainandprinted,labelgunsandlabelsplusthermal transferribbons. Ourlabelprintingservicespecialisesinproducingbarcodes,sequential numberingandbespoketextlabelsatveryeconomicpricesandfastdelivery. Oursoftwareisdesignedtoofferefficientchangestoingredientlabelsto conformtothelatestallergenlabellingrules. Weareasmallteamandcustomersatisfactionisveryimportanttous.We prideourselvesonaquickturnaroundandofferinghelpfuladviceandsupport toourexistingandnewcustomers. WWW.ITSTICKLABELS.CO.UK

More Related