Pricing
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The hospitality sector faces paying an extra £914m in business rates next year if help is not announced in the budget, the industry’s leading trade body has warned. UKHospitality said businesses in England were already facing a £866m increase due to a 75% business rates relief coming to an end next year. But, today’s inflation figures mean…
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It’s taking sellers over twice as long on average to sell their homes when they have to reduce the price than when there’s no reduction, according to Zoopla. The property portal said its latest research shows sellers should be realistic when it comes to pricing up their property if they’re serious about moving. According to…
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Gail’s bakery chain has come under fire for repurposing unsold pastries into croissants and selling them for almost £4 the next day. The retailer lists the “twice baked” chocolate almond croissants as part of its “Waste Not” range, which means it is made using leftover croissants that are then “topped with almond frangipane and flaked…
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The Joint Committee of the House of Representatives investigating the arbitrary increase in the price of cement has expressed disappointment in the agency for not doing enough to protect the consumers of cement in line with the agency’s Establishment Act. The committee also issued a final summon to the Cement Manufacturers’ Association of Nigeria for…
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BUA Group has decided to bring down the price of Cement effective October 2, 2023. According to a statement from the Cement manufacturer, the organization decided to bring the price reduction forward rather than waiting till when its new production lines were completed as it had earlier promised. Based on the latest development, the ex-factory…
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The management of Dangote Cement Plc has said the price of a bag of cement from its factories across Nigeria (as at August 28, 2023) was N4,010 in Okpella and N4,640 in Ibese, Objana, and Gboko. Clarifying misinformation about the price its cement yesterday, the company said it could range from N5,000 to N5,300 per bag,…
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Pricing is an important parameter; organizations need to take care of while launching a new product or service in the market. Before deciding the price of a new product, it is essential for organizations to understand and also calculate total costs involved in the entire process of the product development be it designing, manufacturing or…
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