If Albert Einstein had been a retailer, “lower prices = more gross profit dollars” would be the E=MC2 equation for Control Label Products. This reality is the crucial equation retailers use when determining SRP’s for control label. If you cannot make more penny profit selling control labels, why offer them at all? The answer is to employ a pricing strategy that makes certain that control label products has equal or greater gross profit pennies than the equivalent national brand – this ensures profits. This strategy will still allow a discounted SRP for the consumer. |