How should price management be done in the rental business?
How should price management be done in the rental business? How should price management be done in the rental business? Competitor Analysis: By analyzing competitors' price policies, the average market price can be identified, and differentiated services or benefits can be provided to secure a competitive advantage. Customer Survey: Identify customer needs and preferences and set an appropriate price range. In addition, customers can flexibly adjust prices by offering discount events or appropriate benefits for price-sensitive products or services. Cost Analysis: Rental costs include various costs such as inventory maintenance costs, labor costs, and rent. It is possible to systematically analyze this and set an appropriate price. Price Elasticity Analysis: You can adjust prices by identifying customer responses to prices. In the case of products or services with high price elasticity, profits can be increased by lowering prices. Price adjustment by time zone: You can maximize pr...