Q: What is the difference between a Variable Pricing Strategy and a Price Lining Strategy? Under what…
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Q: Discuss the advantages of fixed-price policy on the part of customer and marketer.
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Q: What are the benefits of Price skimming?
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Q: Price controls often generate
A: A type of government intervention in which the maximum and minimum prices of the goods and services…
Q: Describe two possible causes of a favourable direct material price variance
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A: This Pricing strategy refers to matching a lower price of a product within a store from the…
Q: Give an example of each of the major categories of pricingobjectives.
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A: In an organization, the decisions related to prices are taken at two levels. One is dealt with by…
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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.This gives an opportunity to explore direct and indirect price discrimination within the context of a hypothetical scenario. Your business partner is strongly opposed to your proposal to charge your largest customers lower prices for your web-based services than what you will charge your smaller customers. She is arguing it is unethical, unfair, and possibly illegal. Make a case that both groups of customers will be satisfied with the deal and that this is a perfectly legal form of pricing in a business-to-customer relationship. Why will both groups of customers be satisfied with the deal?Define the term price skimming?
- Explain the pricing strategy and argue about the reasons that motivate companies to sell a product below its normal price (dumping).Give some terms other than “price” that are commonly used to refer to prices.Deceptive or Illegal Pricing Firms use many different pricing tactics to try to improve their market share. Some are perfectly legitimate and can be considered fair pricing practices, whereas others are deceptive or even illegal. For this activity you will need to review the types of practices associated with illegal and unethical pricing strategies. Prices tend to fluctuate naturally and respond to varying market conditions. Although we rarely see firms attempting to control the market in terms of product quality or advertising, they often engage in pricing practices that can unfairly reduce competition or harm consumers directly through fraud and deception. A host of laws and regulations at both the federal and state levels attempt to prevent unfair pricing practices, but some are poorly enforced, and others are difficult to prove. Roll over each item and read the description to determine which type of illegal or unethical price strategy is being used. Then drag the item to the…
- Explain in your own words and also give examples of how price gouging is harmful for the customers and predatory pricing good for them?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.