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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.

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Strongest tool of expansionary fiscal policy?

More public expenditure


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 do you mean by pricing policy?

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.


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.


How does business influence public policy?

Businesses influence public policy through lobbying, campaign contributions, and advocacy efforts. By engaging with lawmakers and regulatory agencies, they can promote legislation and regulations that favor their interests. Additionally, businesses often mobilize public opinion through advertising and social media to shape perceptions and drive policy discussions. Ultimately, their economic power allows them to impact decision-making processes and outcomes.

Related Questions

What has the author Gardiner Coit Means written?

Gardiner Coit Means has written: 'The heterodox economics of Gardiner C. Means' -- subject(s): Economics 'Administrative inflation and public policy' -- subject(s): Economic policy, Inflation (Finance) 'Pricing power & the public interest' -- subject(s): Steel, Prices, Pricing, Price policy


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


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


Stages of public policy process?

1. Genesis of the public policy 2. Development of the Public Policy 3. Implementation of the public policy 4. Feedback on the public policy


What has the author Geeta Gouri written?

Geeta Gouri has written: 'Pricing for welfare' -- subject(s): Government policy, Petroleum products, Prices 'Privatization and Public Enterprise'


Why public policy formulation and implementation is or should on be performed by public administration?

answer public policy formulation and policy implementation


How do you use a sentence using public policy?

There is public policy in every state


What is the antonym and synonym for public policy?

common rules=public policy?


Explain Significance and scope of public policy?

significant of public policy


How does public policy work and does not work?

examples of how this process makes good public policy and how it can sometimes go astray into bad public policy