The antidote to cost-driven pricing is price-driven costing, which is based on the premise that the metalcasting company's costs are largely irrelevant as a basis for pricing.
To be sure, price-driven costing is, for most, a radically different approach to doing business, and has significant implications for all aspects of the business.
demand, reduced company housing allowances and landlords being flexible with rates contributed to the decline, the report from Asteco said.
Larger companies tend to have volumes that are exceptionally high with low margins because everything they sell is price-driven
. Gauvreau has to wonder whether the "very low margins are worth the very high effort."
Chinese capacity changes malleable iron castings from a scarce commodity to one that is abundant and price-driven
. The same can be said for other high-volume niche markets, including aftermarket components, nonauto engine parts and more.
Greg O'Neill, Cardiff manager at Porters Estate Agency on Cowbridge Road, Canton, says the market is becoming more price-driven
, and that while two months ago people could ask for inflated sums, they now had to be more realistic.
On a smaller scale, the garment industry remains one of the most active tenant sectors in the current, price-driven
* Knowing the positioning of the vehicle on the front end of the sales process is critical to knowing what to offer [e.g., is it a price-driven
vehicle or an upper bell curve vehicle?] and how to price the component or system.
motives was operationalized by the scale item appearing in the Appendix, while the other independent variable, non-price driven motives, was operationalized as a composite, weighted by factor scores, of its indicator variables displayed in the Appendix.
Baby boomers also spend more than other age groups and are not price-driven
. They tend to have more time on their hands and more disposable income than other consumer groups, experts said.
But there's good news here, in the form of two recent events that point to a reversal of the foolishness began nearly 3 years ago by those naive young MBAs and the price-driven
corporate commodity teams.
"Partnering," that noble ideal advanced by the likes of Caterpillar and Deere (who, by the way, have steadfastly bucked the price-driven
trend described here), will for the most part be relegated to the scrap heap.