Describe two important strategy approaches of each of the following Pricing Approaches: - Demand-Oriented Pricing Approaches...
Describe two important strategy approaches of each of the following Pricing Approaches:
- Demand-Oriented Pricing Approaches
- Cost-Oriented Pricing Approaches
- Profit-Oriented Pricing Approaches
- Competition-Oriented Pricing Approaches
Homework Answers
-Demand oriented pricing : Demand pricing is like that kind where price is decided on the basis of customer demand. If customer is willing to buy more then automatically price will be increase. If demand is less then price will be low.
In restrorant , Sometimes value of cake or light price increased in winter because that time customer demand is high.
-Cost oriented : Sometimes to increase profit retailers add mark cap value with price. Suddenly price increase. This type of pricing called Cost oriented.
-Profit Oriented: here we all know that manufacturer add some percentage or amount from where they know that from each product some extra profit will come .
-Competition oriented: This type of pricing is set by market research. Basically by checking competitors price. If they reduce the price then to increase market share and market penetration they reduce the price to increase the sale.
Tp-link and D-link price.
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Describe two important strategy approaches of
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