Elements and Performance Criteria
- Analyse and forecast business activity.
- Analyse existing performance data and budget targets.
- Interrogate and compare sources of business activity from different distribution channels and market segments.
- Evaluate external market factors, competitor activity and changing customer demand patterns.
- Develop scenarios and forecasts around future business performance and revenues.
- Make pricing decisions.
- Confirm net, fixed and variable delivery costs.
- Review and incorporate distributor commissions and mark-ups.
- Set standard and promotional rates for different times, trading periods and market segments based on analysis of forecasts, pricing options and optimum yield.
- Assess the need for special conditions and apply as required.
- Document pricing structures and associated terms and conditions, with consideration of consumer protection requirements.
- Implement pricing decisions.
- Monitor pricing initiatives.