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Optimum Price

Optimum Price
  • #: 10195
  • Price: $0.99 In Apple Store
  • Category: Business
  • Updated: 2010-06-26
  • Current Version: 1.0
  • 1.0
  • Size: 0.10 MB
  • Language: English
  • Seller: P Chu
  • Requirements: Compatible with iPhone, iPod touch, and iPad. Requires iOS 3.1.3 or later
  • © 2010 Payam Chu
  •  Add to Favorite apps

 

Description

* Featured in Top 20 New and Noteworthy Business Apps in July 2010 *

Optimum Price is a business tool that helps determine the optimal price and quantity for a given product based on price sensitivity, to maximise contribution.

The Optimum price calculator is an economist's approach to optimal pricing based on price elasticity of demand. This uses the formula MR = MC to establish the optimal point for both Price and Demand to maximise Contribution.

Disclaimer:

Please note that this app only gives an economist's viewpoint and all aspects should be considered before changing any price.

This app should not be used to solely base your pricing decisions and should be used for information purposes only. Please search Economist's Viewpoint to Optimal Pricing for more information on the theory.

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Optimum Price iPhone Screenshot 1

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The information may be outdated (2011-03-27 09:46:39). For actual information go to iTunes


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