Guarantee price competitiveness by setting the highest achievable revenue of your product or service while observing prices of competitors and studying market strategies, conditions and evolutions.
guarantee a competitive edge vis-a-vis prices offered
guarantee price advantages
ensure competitive prices
ensure price competitivity
Skill reusability level
Relationships with occupations
Ensure price competitiveness is an essential skill of the following occupations:
Hospitality revenue manager: Hospitality revenue managers maximise revenue generated from facilities such as hotels, holiday resorts and camping grounds by analysing trends and competition. They assist establishment managers in strategic decisions. Hospitality revenue managers analyse and optimise the financial potential of facilities and manage the corresponding staff.
Accommodation manager: Accommodation managers are in charge of managing the operations and overseeing the strategy for a hospitality establishment. They manage human resources, finances, marketing and operations through activities such as supervising the staff, keeping financial records and organising activities.
Ensure price competitiveness is optional for these occupations. This means knowing this skill may be an asset for career advancement if you are in one of these occupations.
Bed and breakfast operator: Bed and breakfast operators manage the daily operations of a bed and breakfast establishment. They ensure the guests’ needs are met.
- Ensure price competitiveness – ESCO