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What are three different approaches a firm might use to set prices for customers different geographical areas?
A firm might use a personal survey approach to help them set prices for customers of different geographical areas. They might also use a market research study. The really aggressive firm is going to call potential customers themselves and ask what they would pay for certain items.
What else can I help you with?
What is the purpose of charging different groups of customers different prices?
The purpose of charging different customers different prices is to meet their demand elasticities.
Why do companies practice price discrimination?
Companies practice price discrimination in order to maximize their profits by charging different prices to different customers based on their willingness to pay. This strategy allows companies to capture more value from customers who are willing to pay higher prices, while still attracting price-sensitive customers with lower prices.
How companies adjust their prices to take into account different types of customers and situations?
discuss how companies adjust their prices to take into account different types of customer and situations
Where can you get a Carmax Xom for a good price?
One will find Carmax Xoms offered for great prices at Carmax. They offer a variety of cars towards different customers with different specific needs for incredibly reasonable prices.
What is the definition of price discrimination?
We know that in the prefect competition there are enormous buyers and seller but in the monopoly and imperfect competition there are few sellers and tremendous buyers, in this context, in imperfect competition seller sets the different prices to the different buyers, which is better known as price discrimination. More specially, price discrimination is the process of charging different prices to different customers as per the customers need, level of income, social status etc.
What is the purpose of charging different groups of customers different prices?
The purpose of charging different customers different prices is to meet their demand elasticities.
Why do companies practice price discrimination?
Companies practice price discrimination in order to maximize their profits by charging different prices to different customers based on their willingness to pay. This strategy allows companies to capture more value from customers who are willing to pay higher prices, while still attracting price-sensitive customers with lower prices.
How companies adjust their prices to take into account different types of customers and situations?
discuss how companies adjust their prices to take into account different types of customer and situations
What is flexibleprice policy?
it is one in which customers pay different prices for the same type or amount of merchandise.
Do auto prices vary by region even for the same models?
Yes, they do. Certain geographical regions may have statistically better sells from certain types of vehicles over others. Also, higher prices can be obtained from customers in more affluent areas.
Where can you get a Carmax Xom for a good price?
One will find Carmax Xoms offered for great prices at Carmax. They offer a variety of cars towards different customers with different specific needs for incredibly reasonable prices.
Which result would you expect from a U.S. import quota on automobiles?
higher automobile prices for U.S. customers
What is the definition of price discrimination?
We know that in the prefect competition there are enormous buyers and seller but in the monopoly and imperfect competition there are few sellers and tremendous buyers, in this context, in imperfect competition seller sets the different prices to the different buyers, which is better known as price discrimination. More specially, price discrimination is the process of charging different prices to different customers as per the customers need, level of income, social status etc.
Do Customers prefer stable predictable prices over a long time horizon?
Customers generally prefer stable and predictable prices over a long time horizon as it helps them budget and plan their finances. Fluctuating prices can lead to uncertainty and dissatisfaction among customers. Providing consistent pricing can help build trust and loyalty with customers.
What is market skimming prices?
Price skimming is a strategy by which the initial price set is the highest initial price any customers will pay. As those customers pay those prices, the price lowers to bring in more customers.
What does the business Overstock do that is different from other retailers?
Overstock are different from other retailers, in that the stock that they have to sell is the surplus stock that others can't sell. This means they can lower their prices and customers can get a bargain.
Which brands of all-in-one computers have the best reviews and prices?
Well, computers manufactured by HP Compact seems to have the best reviews and prices because they have a variety of products with different features and functions for different customers. They also offer their products for an incredibly reasonable price.
