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A detailed study of the market structure gives us information about the way in which prices are determined under different market conditions. However, in reality, a firm adopts different policies and methods to fix the price of its products. Pricing policy refers to the policy of setting the price of the product or products and services by the management after taking into account of various internal and external factors, forces and its own business objectives. Pricing Policy basically depends on price theory that is the corner stone of economic theory. Pricing is considered as one of the basic and central problems of economic theory in a modern economy. Fixing prices are the most important aspect of managerial decision making because market price charged by the company affects the present and future production plans, pattern of distribution, nature of marketing etc.
What else can I help you with?
Do monopolist have a pricing policy?
Yes, monopolists have a pricing policy, as they are the sole producers of a good or service in the market and can set prices without competition. They typically maximize profits by determining the price at which marginal cost equals marginal revenue, allowing them to control supply and influence market demand. This pricing strategy often leads to higher prices and lower output compared to competitive markets. However, the specific pricing policy can also be influenced by factors such as consumer demand, potential regulation, and market conditions.
What does predatory pricing mean?
The pricing of goods or services at such a low level that other suppliers cannot compete and are forced to leave the market
What is price skimming?
Price skimming is pricing policy by the producer to sell his product with initially for high price and then at decreasing rate over the time.
What is Public policy about pricing?
In America, it is all about supply and demand. The price will be determined on that. If the person tries to sell for too high, they will not make any money.
How does elasticity affect a companys pricing policy?
If demand is elastic at the current price, the company knows that an increase in price would reduce total revenues.
What would you expect from a supermarket pricing policy?
From a supermarket pricing policy, one would expect transparency in pricing, consistent pricing across different locations, competitive pricing strategies to attract customers, and adherence to legal regulations regarding pricing and promotions.
Which pricing policy adopted by Nike in south African country?
Which pricing policy adopted by nike in south African country?"
What is the pricing policy on cakes?
about $6.00
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 do you mean by pricing?
transfer pricing is in the case of transferred with in the organisation the pricing of contribution for assets ,
How do you answer what is good?
if a customer complanied about an assocaiate in your store pricing or a policy what would you do
Are there any Toyota dealerships that offer a no-haggle pricing policy?
Yes, some Toyota dealerships offer a no-haggle pricing policy, which means the price listed is the final price without any negotiation.
What do you mean by transfer pricing?
transfer pricing is in the case of transferred with in the organisation the pricing of contribution for assets ,
What are the benefits of health insurance policy?
See the link on Pricing & Benefits for Calfornia
How do you answer 'What is good customer?
if a customer complanied about an assocaiate in your store pricing or a policy what would you do
What do you mean by transfer?
transfer pricing is in the case of transferred with in the organisation the pricing of contribution for assets ,
What has the author Michael Gordon Webb written?
Michael Gordon Webb has written: 'The economics of energy' -- subject(s): Economic policy, Energy policy, Power resources 'Pricing policies for public enterprises' -- subject(s): Government business enterprises, Pricing
