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Market oriented price is a competition based strategy. The seller sets their prices higher or lower compared to the competitors. One example of this is the real estate market.

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11y ago

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Change in market price?

Changes in the market price is determined by demand of a product. If consumers demand the product, then the price will increase.


Pricing as a tool for Market cultivation?

Pricing is commonly used as a tool for market cultivation. The price of a product will determine its performance in the market which means that the price will cultivate the market for the product.


What is market clearing price?

Market clearing price is the price at which the quantity demanded of a product equals the quantity supplied.


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Price is the value or worth of a product or service and when you say price then it vehicle the normal price of a product or a service which a company charges. On the other hand, market price is the price of a product or service which is contained by a marketplace and is resulted through market efficiency, equilibrium and normal expectations. Normal price can be lesser, equal or greater than the market price. If most of the companies in an industry charge open market prices for the products or services then competition is high in that specific industry.


Does Ecuador have a command economy?

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What is traditional marketing?

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What happens when the market price is lower than the equilibrium price?

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What happens when the equilibrium price is lower than the market price?

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What is cost oriented business?

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