What Is Pricing Power?
Pricing right means that the company has the initiative to set the price of its products. If the product pricing is changed, it will not have a negative impact on demand. Under the situation of rising costs, the company with the pricing right can smoothly increase the cost to the downstream without increasing the impact Sales.
Pricing power
Right!
- Chinese name
- Pricing power
- Pricing right means that the company has the initiative to set the price of its products. If the product pricing is changed, it will not have a negative impact on demand. Under the situation of rising costs, the company with the pricing right can smoothly increase the cost to the downstream without increasing the impact Sales.
- Currently known as "
- "China is in
- To change this situation, we need to consider from the height of the national development strategy:
- Japan's domestic resources are scarce, and it started to distribute upstream resources globally decades ago. In 2003, Mitsui & Co. acquired 15% of Valepar, the parent company of Valepar, the world's largest iron ore producer and seller, becoming the company's third largest shareholder and a de facto decision-maker.
- As iron ore prices rise, Mitsui & Co., Ltd. has gained greater profits due to its holding of Vale, and then gave benefits to related parties Nippon Steel during the iron ore trade. Therefore, thanks to the Japanese financial consortium's control over upstream resources, the Japanese company can laugh to the last regardless of the rise or fall of iron ore prices.