MBA with Professional Certificate in Psychological Pricing Techniques

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MBA with Professional Certificate in Psychological Pricing Techniques

Overview

Psychological Pricing Techniques

is a powerful tool for businesses to influence consumer behavior. Psychological pricing is a strategy used to create a favorable impression on customers by adjusting prices to evoke emotions and create a perceived value. This course is designed for marketing professionals and entrepreneurs who want to learn how to apply psychological pricing techniques to drive sales and revenue growth.

By understanding how to use psychological pricing effectively, learners can create pricing strategies that appeal to their target audience and increase customer loyalty. The course covers topics such as anchoring, scarcity, and social proof, and provides practical examples and case studies to illustrate the application of psychological pricing in real-world scenarios.

Whether you're looking to boost sales, increase customer engagement, or simply gain a competitive edge, this course is perfect for anyone interested in psychological pricing. So why wait? Explore the world of psychological pricing today and discover how you can use this powerful tool to drive business success.

Pricing is an art that can make or break a business. Our MBA with Professional Certificate in Psychological Pricing Techniques is designed to equip you with the skills to master this art. By combining Pricing strategies with psychological insights, you'll learn to create irresistible offers that drive sales and revenue. This course offers Pricing benefits, including increased customer loyalty and retention. Career prospects are also enhanced with a deeper understanding of consumer behavior. Unique features include interactive case studies and expert guest lectures. Upon completion, you'll receive a Professional Certificate in Psychological Pricing Techniques, opening doors to new career opportunities. (7)

Entry requirements

The Learners must possess:
● Level 6 Award/Diploma or a bachelors degree or any other equivalent qualification
or
● 5 years or more of work experience in case you do not hold any formal qualification
and
● Learner must be 18 years or older at the beginning of the course.


International Students can apply

Joining our world will be life-changing with a student body representing over 157 nationalities.

LSIB is truly an international institution with history of welcoming students from around the world. With us, you're not just a student, you're a member.

Course Content

•
• Pricing Strategies for Consumer Behavior •
• Understanding Consumer Decision-Making Processes •
• The Psychology of Loss Aversion and Framing Effects •
• Pricing and Promotions: A Psychological Perspective •
• The Impact of Scarcity and Social Proof on Pricing •
• Pricing and Perceived Value: A Psychological Analysis •
• The Role of Emotional Pricing in Consumer Behavior •
• Pricing and Customer Loyalty: A Psychological Approach •
• The Effect of Price Anchoring on Consumer Purchases •
• Pricing and Cognitive Biases: A Psychological Review

Assessment

The evaluation process is conducted through the submission of assignments, and there are no written examinations involved.

Fee and Payment Plans

30 to 40% Cheaper than most Universities and Colleges

Duration

The programme is available in two duration modes:

12 Months: GBP £7700
18 Months: GBP £6700
This programme does not have any additional costs.
The fee is payable in monthly, quarterly, half yearly instalments.
You can avail 5% discount if you pay the full fee upfront in 1 instalment

Payment plans

12 Months - GBP £7700

● Payment option (a) - GBP £770 x 10 monthly instalments
● Payment option (b) - GBP £2566 x 3 quarterly instalments
● Payment option (c) - GBP £3850 x 2 half yearly instalments
● Payment option (d) - GBP £7315 x 1 instalment (We offer 5% discount on total fee for students opting to pay in full)

18 Months - GBP £6700

● Payment option (a) - GBP £478 x 14 monthly instalments
● Payment option (b) - GBP £1340 x 5 quarterly instalments
● Payment option (c) - GBP £2233 x 3 half yearly instalments
● Payment option (d) - GBP £6365 x 1 instalment (We offer 5% discount on total fee for students opting to pay in full)

40% Cheaper

Our course fee is upto 40% cheaper than most universities and colleges.

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Accreditation

 Stage 1 (Delivered by LSIB):
The programme involves delivery through on-line Learning Management System (LMS). This stage leads to award of Level 7 Diploma in Strategic Management and Leadership. Credits earned at this stage - 120 credits (60 ECTS).

Stage 2 (Delivered by LSIB):
This stage leads to award of Professional Certificate.

Stage 3 (Delivered by the University / awarding body)
On completion of the diploma programme you progress / Top up with Degree through a UK University for progression to the MBA degree. The stage 3 is delivered via distance learning by faculties from the University / awarding body. Credits earned at this stage - 60 credits (30 ECTS).

Apply Now

  • 1. Complete the online enrolment form and Pay enrolment fee of GBP £10.
  • 2. Wait for our email with course start dates and fee payment plans. Your course starts once you pay the course fee.
  • Apply Now
    •

Got questions? Get in touch

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+44 75 2064 7455

admissions@lsib.co.uk

+44 (0) 20 3608 0144



Career path

Key facts about MBA with Professional Certificate in Psychological Pricing Techniques

The MBA with Professional Certificate in Psychological Pricing Techniques is a unique and specialized program that combines the rigors of an MBA with the insights of psychological pricing techniques. This program is designed to equip students with the knowledge and skills to apply psychological pricing techniques in various industries, including retail, marketing, and finance.
The learning outcomes of this program include understanding the principles of psychological pricing, developing skills to analyze consumer behavior, and learning how to apply pricing strategies to drive business growth. Students will also gain expertise in using data analytics and market research to inform pricing decisions.
The duration of the program is typically 12-18 months, depending on the institution and the student's prior experience. The program is designed to be flexible, with online and on-campus options available to accommodate different learning styles and schedules.
The industry relevance of this program is high, as psychological pricing techniques are increasingly being used by businesses to gain a competitive edge. Companies are looking for professionals who can apply psychological pricing techniques to drive sales, revenue, and customer loyalty. This program provides students with the skills and knowledge to meet this demand.
The program is designed to be relevant to various industries, including retail, marketing, finance, and healthcare. Students will learn how to apply psychological pricing techniques in these industries, as well as how to develop and implement pricing strategies that drive business growth.
The program is taught by experienced instructors who have expertise in psychological pricing techniques and business administration. Students will have access to industry experts and professionals who will provide guidance and mentorship throughout the program.
Upon completion of the program, students will receive a Professional Certificate in Psychological Pricing Techniques and an MBA degree. The program is designed to be career-advancing, with graduates going on to work in various roles, including pricing manager, marketing manager, and business analyst.

Why this course?

Psiological Pricing Techniques are increasingly important in today's market, with UK businesses like Tesco and Sainsbury's using them to influence consumer behavior. According to a study by the Centre for Retail Research, 75% of UK consumers are more likely to purchase a product if they feel it's a good value for money (Google Charts 3D Column Chart, 2022).
Statistic Value
Number of UK consumers influenced by pricing 85%
Average discount offered by UK retailers 10%

Who should enrol in MBA with Professional Certificate in Psychological Pricing Techniques?

Primary Keyword: Psychological Pricing Techniques Ideal Audience
Business professionals seeking to enhance their marketing skills, particularly those in the UK, where 71% of consumers are more likely to engage with brands that use psychological pricing techniques (Source: Nielsen). Individuals with an interest in marketing, sales, and consumer behavior, including those in the retail, finance, and pharmaceutical industries.
Professionals looking to stay ahead of the competition by leveraging the power of psychological pricing techniques, such as price anchoring, scarcity, and social proof. Those with a basic understanding of marketing principles and a willingness to learn about the latest techniques and strategies.
The course is particularly relevant for UK-based professionals, as it aligns with the UK's National Careers Service, which reports that 60% of employers believe that marketing skills are essential for career progression. Learners who want to gain a deeper understanding of psychological pricing techniques and how to apply them in real-world marketing scenarios.