PRODUCT PRICE STRATEGY OF VETERINARY COMPANY
Price of veterinary medicine products
Product cost is an important tool to help a company compete competitors in the market. At the same time, the price will reflect the quality of the product and the company’s brand reputation in the veterinary medicine market. That means the price must be commensurate with the company’s brand. And through pricing, the company will generate its desired level of profit. Usually, the prices of veterinary medicinal products are relatively stable, with little fluctuation. Each company will build an appropriate policy and pricing strategy to increase sales and maximize profits.
Price of veterinary medicine products
Pricing depends on the company’s goals. Eliminate product quality causes. Product prices of many companies are higher than competitors can be due to the following reasons:
- Because the company focuses investment capital on infrastructure – factories, machinery and production technology. These factories are usually GMP certified by the World Health Organization (WHO).
- Compared with big competitors that have already met GMP standards, new companies that have met the standards will have higher prices.
- Product pricing strategy is also based on market area. For example, if the company’s headquarters is located in Tien Giang, the products sold in the Western market will be lower than in other markets. Due to the lower shipping costs. Usually the price in the Eastern market will be 2% higher than the Western market. The Central market price is 4% higher than the Western market.
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For more information, please contact:
VETAD
First office: 257 Lê Quang Định, W. 7, Bình Thạnh Dist., HCMC
Second office: An Bình Building – B202, Lê Trọng Tấn, An Bình, Dĩ An, Bình Dương
Tel: 0795356939
Email: vetad.ltd@gmail.com
Fb: www.facebook.com/vetad.ltd
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