SkillShare Pricing Strategy Project
Best Pricing Strategy for Flora Petals, based on this criteria:
- 2 locations in 2 different cities, in opposite directions:
- 50 km from farm
- 200 km from farm
- 2 challenges
- Variation in procurement costs
- Logistic issues associated with fresh flowers
My proposal:
The best pricing strategy for Flora Petals is Dynamic Pricing Strategy.
Reasoning:
- This pricing strategy is best suited for Small Businesses, especially with a product that is perishable
- Flora Petals is a small business and offers a perishable product of flowers
- It is also suited for businesses that face variations in sales due to demand
- This includes bad weather, possible changes in flower availability, and seasonal demands for holidays
- I.e. Flowers will sell at a higher demand for holidays like Valentine’s Day and Mother’s Day
- This includes bad weather, possible changes in flower availability, and seasonal demands for holidays