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A detailed study of the market structure gives us information about the way in which prices are determined under different market conditions. However, in reality, a firm adopts different policies and methods to fix the price of its products. Pricing policy refers to the policy of setting the price of the product or products and services by the management after taking into account of various internal and external factors, forces and its own business objectives. Pricing Policy basically depends on price theory that is the corner stone of economic theory. Pricing is considered as one of the basic and central problems of economic theory in a modern economy. Fixing prices are the most important aspect of managerial decision making because market price charged by the company affects the present and future production plans, pattern of distribution, nature of marketing etc.
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What does predatory pricing mean?
The pricing of goods or services at such a low level that other suppliers cannot compete and are forced to leave the market
What is price skimming?
Price skimming is pricing policy by the producer to sell his product with initially for high price and then at decreasing rate over the time.
What is Public policy about pricing?
In America, it is all about supply and demand. The price will be determined on that. If the person tries to sell for too high, they will not make any money.
How does elasticity affect a companys pricing policy?
If demand is elastic at the current price, the company knows that an increase in price would reduce total revenues.
What is the production and pricing aspects?
production and pricing aspects
What would you expect from a supermarket pricing policy?
From a supermarket pricing policy, one would expect transparency in pricing, consistent pricing across different locations, competitive pricing strategies to attract customers, and adherence to legal regulations regarding pricing and promotions.
Which pricing policy adopted by Nike in south African country?
Which pricing policy adopted by nike in south African country?"
What is the pricing policy on cakes?
about $6.00
What is Heineken pricing strategy?
Globally, Heineken utilizes the premium pricing policy. This is effective as the Heineken brand is unique to that of competitors.
What do you mean by pricing?
transfer pricing is in the case of transferred with in the organisation the pricing of contribution for assets ,
How do you answer what is good?
if a customer complanied about an assocaiate in your store pricing or a policy what would you do
What do you mean by transfer pricing?
transfer pricing is in the case of transferred with in the organisation the pricing of contribution for assets ,
How do you answer 'What is good customer?
if a customer complanied about an assocaiate in your store pricing or a policy what would you do
What are the benefits of health insurance policy?
See the link on Pricing & Benefits for Calfornia
What do you mean by transfer?
transfer pricing is in the case of transferred with in the organisation the pricing of contribution for assets ,
What is the meaning of pricing policy?
Pricing policy is the method by which a store manager say decides on a sale price for a good examples; 1. cost plus pricing : taking the cost price of the good and adding the desired profit margin 2. premium pricing : if a good is in high demand, ie something with a well known brand name, then a premium price can be set as people will want to purchase the item anyway.
What has the author Michael Gordon Webb written?
Michael Gordon Webb has written: 'The economics of energy' -- subject(s): Economic policy, Energy policy, Power resources 'Pricing policies for public enterprises' -- subject(s): Government business enterprises, Pricing
