Economics - Pricing Methods

thods2011 Assignment Enrolment Number Annamalai University Director of Distance Education MBA xxxxxxxxxxxxxxxxxx 1st year Assignment Topic 1.2 focal point Economics Self Declaration I declare that the assignment submitted by me is non a verbatim/photo static copy from the websites/ books/ journals/manuscripts. tactual sensation of the student Countersigned Signature of the Faculty Concerned Q 4. Explain hurt methods and which method will be suitable in this gratuity age ? Let us discuss about various(a) pricing methods of determination of price. Introduction No doubt that the economic possibleness focuses upon the determination of prices in various competitive situation exactly it does not discuss the methodology of price determination. Consequently, it fails to help autobus to fix price for the products and services. Of course, it has been already explained that one of the factors that affect price determination process is competitive situation in the market. hence, economic theory discussion, in the context of methodology is not irrelevant. In a free market economy price do not stagnate at any one point. They evermore fluctuate depending upon the number of external and internal business environment. set Methods - Classification Price is the value of a products denoted in terms of money.

it is the pith paid by a buyer to a marketer for a unit of product or service. A steadfastly may adopt various price policies for the product produced by it. these alternative pricing methods can be classified into dickens major groups as shown in the chart given below. Methods establish on costs of products and methods based on market condition. determine Methods 1. Established Price 2. 2. leaders price 3. 3. Penetration pricing 4. Skimming the scan policy 5. Charges what the traffic will bear 6. Psychological pricing 7. Established Price 8. 2. Leadership price 9. 3. Penetration pricing 10. Skimming the... If you want to get a full essay, order it on our website: Ordercustompaper.com

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