Question
If we have an estimated units sold of 1,000 thermostat, How to explain the price changes from $179.99. To $190 to $200 in the pricing
If we have an estimated units sold of 1,000 thermostat, How to explain the price changes from $179.99. To $190 to $200 in the pricing of Google Nest Thermostat based on this table:
Price changes from $179.99
Markup based on selling price | ||
Selling Price | $174.99 | 100% |
Cost | ||
Markup |
Markup based on cost | ||
Selling Price | ||
Cost | 100% | |
Markup |
Price changes to $190 to $200
Markup based on selling price | ||
Selling Price | $190 to $200 | 100% |
Cost | ||
Markup |
Markup based on cost | ||
Selling Price | ||
Cost | 100% | |
Markup |
Price | |||
Action 1
| Example of current pricing (regular price, feature price, frequency of features, etc). You must show a price here.
The original price of the Google Nest Learning Thermostat varies, but based on the search results, it ranges from $179.99. | Example of suggested pricing actions (e.g. regular price increase or decrease; feature price increase or decrease; frequency of features, etc)
We think that a suitable price, considering the competitive market and the availability of similar products, a price point around $190 to $200 could be suitable. | (explain why you are recommending this change) This pricing strategy would position the product at a premium level by improving the product and making it stand out and have a competitive advantage , potentially increasing profit margins while still being competitive in the market
What other explanation? |
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