The pricing of goods or services at such a low level that other suppliers cannot compete and are forced to leave the market.
what is premium pricing strategy
what is premium pricing strategy
Disadvantage of Customer-Driven Pricing
The pricing of goods or services at such a low level that other suppliers cannot compete and are forced to leave the market.
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Difficult in pricing
Some advantages of penetration pricing would be obtaining a large share of the market so that they dominate the market. Disadvantages would be not making a profit at all in the beginning stages.
The cost based pricing may overlook costs that are not monetary. Cost based pricing may overlook inefficiency Cost based pricing may not take advantage of consumer surplus.
The advantage of value based pricing is increased profits and customer loyalty. The disadvantages are labor cost, competition, and the niche market.
The advantage of full cost plus pricing is the higher return on investment. The disadvantage of full cost-plus pricing is lower demand for the products.