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Glossary  •  Price Auditing

Price Auditing

What it means:

Price Auditing is the process of ensuring consistency across similar accounts, maximising profitability and measuring prices against the larger marketplace and competitors.

Understanding when changes take place and how businesses can adapt to compete is a key part of staying ahead of the industry. The value of your products and services will naturally alter over time as the company grows and the market changes, so regular Price Auditing is important.