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How might the current price wars change the pricing tactics used by the major pizza chains? |
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- Do you think it's necessary to analyze how much materials and time are needed to produce a product before setting a price? Or would it suffice to base the price on what competitors charge?Discuss the relationship of price to value. Does a low price necessarily mean a better value? Give an example to illustrate your opinion. How can a firm offer good value in a mature market where price seems to be the only visible means of differentiation?Should a company always respond to a competitor’s price cut, and what options are available if it does decide to respond?
- How do firms use information about price elasticity to predict consumer behavior?What pricing advantages or disadvantages do companies face in selling their products through online auctions? How do online auctions affect the pricing strategies of other companies? Why?Explain how a firm can increase its profit by price discriminating. How does it determine optimal prices? How does the existence of substitute products affect the firm’s pricing policy?
- How to Establish price goals?For this discussion, use the following hypothetical scenario as the basis for your response: 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. Address the following in your discussion post: 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. What degree is this type of price discrimination? How will the plan increase revenue? Why will both groups of customers be satisfied with the deal? Why is this a legal form of pricing?What are the different kinds of price adjustments? In which situations do companies use each one?