It is basically when a set of Companies meet together to fix a price for a product which only they sell in the market. They make a deal with each other to not charge a price lower than the set price. The set price is always or usually over what the product is worth. By doing this they ensure a healthy profit margin and stop other companies from entering the market. This is very hard to proove. Examples would be the Oil Barons in the Middle East or the Oil companies that supply to your petrol station, who can decide their own prices irrespective of outside influences becasuse of the extremely high demands.
penetration pricing strategies
the pricing strategies are unit prcing
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yujuutyjutyju
competition price
penetration pricing strategies
A centralised cartel is an arrangement by all the members, where a centralised body decides on the pricing.
the pricing strategies are unit prcing
A centralised cartel is an arrangement by all the members, where a centralised body decides on the pricing.
1
yujuutyjutyju
competition price
A combination of independent business organizations formed to regulate production, pricing, and marketing of goods by the members.
Robert Schindler has written: 'Pricing strategies' -- subject(s): Marketing, Pricing
Penetration pricing and coupons
The recommendation of future pricing strategies is actually to increase prices among steady customers. Less investments should also be considered if the company has lost some profits.
There are various pricing options available including retail, promotional and discount pricing. Businesses use various strategies to attract customers on a regular basis.