Glossary

Price Calculator

The Price calculator is a great helper for entrepreneurs and customers in determining the exact price of a product or service. This simple tool, often integrated into product configurators, allows the calculation of the final amount based on input data from the customer and logic defined by the supplier. Thanks to this tool, it is possible to offer personalized prices for each customer, which increases satisfaction and interest in products and services.

How does the Price Calculator work?

The price calculator is based on a mathematical model that includes various factors affecting the final price. The customer enters the required parameters or input data into the tool, such as the number of product pieces, size, specific functions or services he needs. Based on this data, the logic created by the supplier is applied to calculate the exact price. A price calculator can also include various variables such as manufacturing costs, delivery charges, margin and more that affect the final price.

Advantages of the Price Calculator for entrepreneurs

  1. Accuracy: The price calculator guarantees an accurate determination of the price of a product or service based on the input data. This ensures that the price is in line with production and operating costs, thus minimizing the risk of loss.
  2. Personalization: The price calculator allows you to offer personalized prices for each customer, which increases the probability of conversion and interest in the product or service.
  3. Time saving: Automating the price calculation through the Price Calculator saves time and simplifies the entire process of determining the price of a product or service.
  4. Transparency: The customer can see how the price is calculated and what factors affect the final amount. This increases customer confidence and satisfaction.

Advantages of the Price Calculator for customers

  1. Personalized price: The price calculator allows customers to get personalized prices that accurately reflect their needs and preferences.
  2. Clear information: Customers can see how the price is calculated, giving them a clear view of exactly what they are paying for.
  3. Instant result: The price calculator provides customers with an immediate result, which facilitates and speeds up their decision-making process.

Price calculator is a useful tool for entrepreneurs and customers. It helps to accurately price a product or service based on supplier input and logic. Thanks to this tool, entrepreneurs can offer personalized prices, which increases competitiveness and interest in their products and services. For customers, the Price Calculator means transparency, personalized offers and an immediate result.