--%>
Assignment Help - homework help

What are the important pricing strategies

What are the important pricing strategies?

E

Expert

Verified

Given are the significant pricing strategies as follows:

1. Psychological pricing: Now there manufacturers fix their prices of a product in the way that this may create an impression on the mind of consumers as the prices are low. For example: Prices of Bata shoe as Rs.99.50. It is also termed as odd pricing.

2. Mark up pricing: Such method of pricing is followed by entire salers and retailers. While the goods are received, the retailers add a specific percentage of the entire saler’s price.

3. Administered pricing: Now there the pricing is done on the origin of managerial decisions and not on the basis of demand, cost and competition.

4. Other pricing strategies: There is geographical pricing, zone pricing, base point pricing, double pricing and product line pricing are several other pricing strategies.

   Related Questions in Managerial Economics

  • Q : Explain the meaning of price Explain

    Explain the meaning of price.

    		•
  • Q : Statements about Human Capital Which of

    Which of the given statements is not CORRECT: (w) Acquiring productive skills is known as investment in human capital. (x) General training increases a worker’s marginal productivity equally for many firms. (y) Specific training increases the productivity of the

    		•
  • Q : Illustrates the term Advertisement

    Illustrates the term Advertisement Elasticity of Demand?

    		•
  • Q : Increases in demand for a resource The

    The demand for a resource would increase while the: (w) price of which resource decreases. (x) price of a substitute resource decreases. (y) consumer demand for products decreases. (z) price of a complementary resource decreases.

    		•
  • Q : Average wages for workers Average

    Average female wages are historically beneath the average for male workers due to: (w) concentration in low income occupations. (x) placement in low status job positions. (y) lower admission in professional schools and skilled trades.

    		•
  • Q : Different types of determinants of

    What are the different types of determinants of advertisement elasticity?

    		•
  • Q : Signaling and Screening Problem Assume

    Assume that you view a degree as a ticket to a high-paying job along with prospects of quick promotion, and that accumulating human capital by learning and studying valuable material is largely not relevant. Your perception is which a college degree f

    		•
  • Q : Purely competitive labor market The

    The individual household within a purely competitive labor market as: (w) has a perfectly elastic supply of labor at the market wage. (x) has a perfectly inelastic supply of labor at the market wage. (y) faces a perfectly elastic demand for its labor

    		•
  • Q : Explain about the control of business

    Explain about the control of business cycle.

    		•
  • Q : Elasticity of the Supply of Labor of

    This supply of labor worker is roughly unitarily wage elastic as the wage rate increases from: (1) $5 per hour to $10 per hour. (2) $5 per hour to $25 per hour. (3) $10 per hour to $25 per hour. (4) $10 per hour to $40 per hour. (5) $25.01 per hour to

    		•