0
Generally, retail pricing for a like product of 10% lower, equal to, or up to 10% higher than the competition can be considered "competitive pricing". A small company with little overhead may be able to charge less while a larger company with more overhead may have to charge more.
Wiki User
∙ 15y ago
Wiki User
∙ 11y agoPrice competition is a price war between competitors. Companies try to offer products/services on low price as compare to competitors in order to gain market share. Price war is very common in FMCG products.
Add your answer:
Earn +20 pts
Advantages and disadvantages of competitive pricing strategy?
qwfse
Give the definition of target profit pricing?
Target-Profit-Pricing Target-profit-pricing method involves identifying the price at which a product will be competitive in the marketplace, defining the desired profit to be made on the product, and computing the target cost for the product by subtracting the desired profit from the competitive market price Jason
What are some ways someone can conduct a competitive research?
Competitive research can be conducted by gathering information on your competitors and talking to customers. One could also research pricing so you could be better competitive.
What do you mean by pricing?
transfer pricing is in the case of transferred with in the organisation the pricing of contribution for assets ,
How companies differentiate and position their products for maximum competitive advantage Answer?
the companies differentiate and position their products as a competitive advantage through products,product packing,pricing,after sales services.
How do you put incentive and competitive pricing in a sentence?
Competitive pricing is an incentive for shoppers.
What are four pricing objectives?
Four pricing objectives are competitive, prestige, profitability, and volume pricing.
What is Cadbury's pricing strategy?
competitive pricing because of all its competitors
Advantages and disadvantages of competitive pricing strategy?
qwfse
What is the theory of competitive pricing?
setting a price by reference to other prices of comparable competitive products.
Do you offer competitive pricing for scrap steel recycling in Auckland?
NO NO
What is the most important pricing strategy for a perfectly competitive firm?
Minimizing cost
When delta airline raises or lowers its prices on its atlanta to chicago route orther airlines tend to make the same changes in their pricing This is example of what pricing?
I believe it's competitive pricing.
Where is the best place to find health insurance for competitive pricing?
A lot of insurance companies will offer you competitive pricing. My insurance broker will draw up a list of places so that I can price each one against each other!
Give the definition of target profit pricing?
Target-Profit-Pricing Target-profit-pricing method involves identifying the price at which a product will be competitive in the marketplace, defining the desired profit to be made on the product, and computing the target cost for the product by subtracting the desired profit from the competitive market price Jason
What is meant by competitive pricing?
The concept behind this frequently used pricing objective is to simply match the price established by an industry leader for a particular product.
What are some ways someone can conduct a competitive research?
Competitive research can be conducted by gathering information on your competitors and talking to customers. One could also research pricing so you could be better competitive.
