--%>
Assignment Help - homework help

Illustrates the pricing policies briefly

Illustrates the pricing policies briefly?

E

Expert

Verified

Price should not be too high or lower. Price setting is a complicated problem. The pricing decision is dangerous not only in the beginning but this should be reviewed and reformulated from time to time.

Price policies give the guidelines within that pricing strategy is formulated and implemented. This represents the general frame work in that pricing decision is taken. These are those management guidelines that as control the day to day pricing decision like a means of meeting the objectives of the firm as maximization of sales, maximization of profit,  targeted rate of return, meeting or preventing competition and survival as well as stability of prices.

   Related Questions in Managerial Economics

  • Q : What are the tools and techniques for

    What are the tools and techniques for demand estimation?

    		•
  • Q : Illustrates the term shot run

    Illustrates the term shot run production function?

    		•
  • Q : Strategy probable to make a cartel A

    A strategy probable to make a cartel successful would be for cartel members to: (w) give heterogeneous goods. (x) stagger the amount by that they raise prices. (y) have set enforceable production quotas. (z) keep high prices when several fringe compet

    		•
  • Q : Explain the modern definition of

    Explain the modern definition of economics?

    		•
  • Q : Functions and Responsibilities of

    What are the Functions and Responsibilities of managerial economist?

    		•
  • Q : Forecasting demand what are the

    what are the criteria for good forecasting

    		•
  • Q : Illustration of Screening Nick responds

    Nick responds “help wanted” that ads by making phone calls and scheduling interviews. If a prospective employer asks for a resume and queries Nick regarding his references and skills, in that case the firms are practicing an illustration of: (i) signaling.

    		•
  • Q : Government license in operating

    Gilligan is hiring new workers to help run his Island Getaway resort. Gilligan makes a decision that he will not hire a new worker unless they have been properly trained and certified into wilderness survival and have a license by the government to operate watercraft.

    		•
  • Q : Area of decision making in Managerial /

    Illustrates the area of decision making in Managerial / Business Economics?

    		•
  • Q : Marginal Factor or Resource Costs The

    The words “marginal factor costs” or “marginal resource costs” taken as to the: (w) extra cost involved in producing an additional resource. (x) extra cost involved while producing an additional unit of a resou

    		•