Describe some ways that a seller using competition-based pricing could deal with the presence in the marketplace of a variety of prices for an item.
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Describe some ways that a seller using competition-based pricing could deal with the presence in the marketplace of a variety of prices for an item.
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- Discuss the various pricing methods that can be used by a vendor along with the main features. Provide descriptions of existing markets where these kinds of price arrangements are rapidly changing.Explain how to set price for the various market segment?How would a business/organization apply variant pricing in their organization to cater to multiple markets?
- Discuss three factors that affect pricing decisions for marketers (Value-Based Pricing, Cost-Based Pricing, and Competition-Based Pricing).What are the various pricing strategies available to the marketers who want to introduce a new products in a highly competitive market ?Explain the price-demand relationship. What factors must sellers consider when setting prices in different types of markets?
- Sellers pursue different strategies or approaches that affect the pricing of their products or services. Some sellers rely on internal cost structures to establish price, whereas others simply price at a level comparable to the competition. Explain five market driven pricing models providing examples for each model.a legislation requires sellers to set prices without talking to competitors : Select one: a. predatory pricing b. price discrimination C. price maintenance d. price fixingDescribe what is more important for a purchasing transaction, price timing or quality ?