Elements and Performance Criteria
- Conduct market research
- Develop pricing strategy
- Cost factors impacting on supply of current leisure and recreation service are identified and break even point for service delivery is determined
- Participant willingness to pay is measured and evaluated against competitors using economic techniques
- A competitive pricing structure is determined in accordance with organisational business and performance plans and current leisure and recreation service delivery objectives
- Implement pricing strategy
- Maintain competitive pricing strategy
- Systems and procedures are implemented to monitor and respond to factors affecting pricing structure of current leisure and recreation service delivery
- Systems and procedures are implemented to monitor and respond to pricing structures of competing services
- Systems and procedures are implemented to regularly review supply costs and seek economic benefits from partnership opportunities and additional sources of funding