answersLogoWhite

0


Best Answer

A way of determining prices based on what competitors are selling their products for.

User Avatar

Wiki User

โˆ™ 2012-04-04 21:39:56
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
User Avatar
Study guides
๐Ÿ““
See all Study Guides
โœ๏ธ
Create a Study Guide

Add your answer:

Earn +20 pts
Q: What is Competitors pricing method?
Write your answer...
Submit
Related questions

What is Cadbury's pricing strategy?

competitive pricing because of all its competitors


Who are the competitors for Milo?

The competitors of Milo are other malt product selling companies that have a same range of pricing as Milo.


What is Heineken pricing strategy?

Globally, Heineken utilizes the premium pricing policy. This is effective as the Heineken brand is unique to that of competitors.


What is pentration pricing?

Penetration pricing is a pricing strategy in which company select reduce price as comparison to competitors to penetrate in market and tries to wipe out the competition.


What is perdatory pricing?

Predatory means "in the manner of a predator." Predatory pricing is designed to drive competitors out of business by pricing so low that the competition can't compete.


Which term is used to describe the offering of equal or better quality products or services at a lesser price than your competitors?

Predatory pricing is what you call a pricing strategy where you offer the same products and services for a lesser price than your competitors.


What are the advantages of market based pricing?

· Great for smaller companies with larger competitors


What is Value Based Pricing?

Value based pricing is a method of pricing a product based on perceived value. This method sets aside the issue of production and distribution costs and focuses more on what the buyer is willing to pay. This method of pricing is the most popular way to bring more profits to a company's table.


What influences pricing decision?

Taking pricing decision is one of the critical factors of business. to take the pricing decision a proper research needs to be carriedout such as on the product availability, competitor's pricing strategy, customer's perceived pricing, customers willingness to pay the price of the product, demand factor etc. The pricing decision influences the demand of the product in the market, the pricing strategy of the competitors, the profitabilty of the company and the most important is the customer decision on purchasing the product such as which barnd product to but and which not, which will give the major satisfaction to the customer by rendering the higher value at the lesser price then the competitors.


How does pricing affect competition?

If pricing includes a low profit margin, then other potential competitors can't get started because they can't recover their startup costs.


What is meant by the term competitive pricing?

In simple terms, competitive pricing is seeking to obtain sales through offering lower prices than your competitors. More commonly, prices are similar across competitors who battle for an edge in the quality of their offering for that price through service or extras.


What is a example of a destroyer pricing?

Burger king release a new burger at £1.99, McDonalds release the same burger at £1.40. This is destroyer pricing. Lowering your prices so your competitors lose their market.


Difference and similarities between penetration pricing and predatory pricing?

Similarity is that both tend to push the price levels `lower' Difference is in the `objective' or `orientation' or `thought' behind the pricing strategy Penetration Pricing is when the price is pegged at a rate that very price-sensitive segments find acceptable. e.g. Nokia 1100 when introduced in Indian markets. The objective is to open up newer market segments Predatory Pricing is when prices are set lower than average selling prices of industry and competitors. Objective is to put pressure on competitors and price them out of the market


What did the government claim Microsoft to illegally extend its control over the market?

It had used predatory pricing to drive competitors out of business


How pricing decisions taken when competitors would not react?

Pricing will be as per the demand and cost conditions. The producers have the freedom to charge their prices . However, prices tend to be more or less the same


What is a Pricing strategy for cars?

Cars are usually priced competitively. They are priced according to competitors in their class. Pricing determines the market segmentation of the vehicle. The number of luxury features also determines the price.


What did the government claim Microsoft did to illegally extend its control over the market?

It had used predatory pricing to drive competitors out of business


What is the pricing method that establishes selling prices based on a stipulated rate above total production costs is?

Gross Margin Pricing


Explain various pricing method with their merits and demerits?

The merits of the sampling methods takes the right products to the right customers. The demerit of this pricing method is that there are some goods which can't be sold therefore leading to losses.


What is company oriented pricing?

Pricing driven by a company's internal factors. The company will take a stock of all the internal costs and determine a pricing that will ensure a return. e.g. Cost plus method.


Where can one get an insurance quote with alternative comparisons?

Progressive Insurance offers comparison pricing of their competitors. There are also other companies who offer pricing comparisons of insurance quotes. Some of them are Insure, FindTheBest, CarInsurance, Auto Insurance Finders.


What is Red Bull's pricing strategy?

Red Bull believes its customers will pay a higher price for the product because of the quality and benefits. This leads them to price Red Bull higher than the products of its competitors. This is called premium pricing strategy.


How do you do market research about pricing?

First of all have a look at your competitors prices. Then simply ask your target market about different pricing, introducing your products/services to them and you will see how much your potential future clients are ready to spend on your things.


Does Direct Deals offer better pricing than its competitors?

Yes, they offer much more competitive pricing than places like small-lots or Jmart. Tree mart may have cheaper products, but quality is much inferior.


What is a hit-and-run pricing?

Hit and run pricing is a marketing strategy mainly used by those who sell online. It is a method of lowering and raising prices to get attention from all levels of consumers.