What is a pricing committee?

Pricing committee — is a specialized group or committee within a company responsible for making decisions related to product or service pricing.

Main tasks of the pricing committee:

• Market and competitive pricing analysis.
• Defining pricing strategies.
• Approving changes in prices and discounts.
• Assessing the impact of prices on revenue and profit.
• Coordination between departments (sales, marketing, finance).

Such a committee helps to approach monetization systematically and thoughtfully, minimizing risks and increasing the effectiveness of pricing policies.