Buynomics' Cost Change Cheat Sheet
For all companies, cost volatility presents a significant challenge, as their success depends on maintaining affordability while protecting margins. Specifically, cost increases driven by inflation, raw material shortages, or logistical pressures require careful pricing adjustments to avoid alienating price-sensitive consumers.
This cheat sheet is your guide through what to consider in pricing and Revenue Growth Management (RGM) to manage cost changes effectively.
This cheat sheet will:
- Provide key concepts on cost changes
- Outline what to consider when making cost changes
- Give practical advice on how to respond when costs change
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