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Building Your Plan – 4.1 Price Change – Business Context

This video explains how price changes affect supplier value, retailer margin, shopper demand and competitive position.

Written by Stephen Wood

What this video covers:

  • What a price change is in Growzz

  • Why cost price and retail selling price are different levers

  • How retail price can affect shopper demand and volume

  • Why margin, value, elasticity and competitive position need to be reviewed

Who this is for:

Direct suppliers and brokers changing supplier cost price, retail selling price, or both, as part of the forward plan

Related articles:

  • What is a price change?

  • How do I build a price change?

  • How do I estimate price change volume impact?

  • How do I review price change margin and value impact?

Related journey:

  • Start the price change learning journey

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