There are four general pricing approaches:
1) mark-up pricing - is to have a fixed mark-up on the cost of the product to set the price, ex: retail stores
2) value-based pricing (demand-based pricing) is setting price based on buyers' perceptions of value independent of cost, ex: Louis Vuitton and Rolex (nobody ever questioned how much it costs to make a rolex cost, price is not in relation to cost. people base it on how many people have it, brand name)
3) value pricing: is offering the right combination of quality and good service at a fair price, ex: value meal menu
4) comepetition-based pricing: is to set price following that of the industry leader ex: breakfast cereal (ex: kellogs)
"Supply is relative to demand" explains the factors responsible for setting prices in a free market system.
OPEC
Prices are set by the seller and then are open to auction, with users setting bids for how much they are willing to spend.
I have no clue!
The general willingness of firms to produce and sell a product at various prices is known as supply.
General pricing approaches include cost-plus pricing, where a fixed percentage is added to the cost of production; value-based pricing, which sets prices based on perceived value to the customer; competition-based pricing, which aligns prices with those of competitors; and dynamic pricing, where prices fluctuate based on demand and market conditions. Each approach has its advantages and is chosen based on market strategy, target audience, and overall business goals.
Supply relative to demand is primarily responsible for setting prices in a free market system.
"Supply is relative to demand" explains the factors responsible for setting prices in a free market system.
"Supply is relative to demand" explains the factors responsible for setting prices in a free market system.
Demand is the general willingness of consumers to purchase a product at various prices.
OPEC
Prices are set by the seller and then are open to auction, with users setting bids for how much they are willing to spend.
Prices are set by the seller and then are open to auction, with users setting bids for how much they are willing to spend.
I have no clue!
Flight prices do not typically decrease at the last minute. In fact, they often increase as the departure date approaches. It is generally recommended to book flights in advance to secure the best prices.
Flight prices do not typically drop last minute. In fact, they often increase as the departure date approaches. It is generally recommended to book flights in advance to secure the best prices.
You can find general prices for painting on the following site: http://www.generalpaint.com/home. They can guide you through the process.