Singapore University of Social Sciences

Pricing

Pricing (MKT362)

Applications Open: 01 October 2020

Applications Close: 01 December 2020

Next Available Intake: January 2021

Course Types: Modular Undergraduate Course

Language: English

Duration: 6 months

Fees: To be confirmed

Area of Interest: Business Administration

Schemes: Lifelong Learning Credit (L2C)

Funding: To be confirmed

School/Department: School of Business


Synopsis

MKT362 Pricing explains how to make strategic pricing decisions to drive more sustainable growth. Students will learn proven concepts, techniques and frameworks to proactively manage customers’ value perception, influence customers’ willingness-to-pay and motivate purchase decisions. It also introduces students to emerging analytics to model consumer segmentation, measure price sensitivity and optimise revenue and profit. This will prepare students with the ability to assess and formulate pricing strategies.

Level: 3
Credit Units: 5
Presentation Pattern: Every January

Topics

  • Introduction of Strategic Pricing
  • Economic Value and Customer Behaviour
  • Price and Value Communication
  • Price Structure and Segmentation
  • Pricing Policy
  • Price Level
  • Price Competition
  • Measurement of Price Sensitivity
  • Profit Optimisation
  • Data-driven Pricing Analytics
  • Strategic Pricing Capability
  • Ethics and the Law on Pricing

Learning Outcome

  • Develop a deep understanding of conceptual frameworks and techniques of making strategic pricing decisions
  • Differentiate how various pricing practices are used in different markets, products and services
  • Discuss how pricing decisions are enabled by data-driven pricing analytics
  • Recommend appropriate pricing strategies based on market segments, customer sensitivity, competition environment, ethical and legal constraints
  • Employ the process of making pricing decisions and apply innovative analytics approach for setting prices
  • Assess pricing strategies
Back to top
Back to top