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Value is a relative price point when compared versus premium (expensive) and economy (cheap), the key question to answer is "this is good value compared to what?", and subsequently "why is this better value?"
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Contrast the three general approaches to setting prices?
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 stores2) 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 menu4) comepetition-based pricing: is to set price following that of the industry leader ex: breakfast cereal (ex: kellogs)
Definition of geographical pricing?
Geographical pricing is evident where there are variations in price in different part of the world.Like for Example rarity value, or where is shipping cost increase price
Why is hedonic pricing used when calculating GDP?
To inflate the numbers and make them look good.
What is the production and pricing aspects?
production and pricing aspects
Demand-oriented pricing of types?
psychological odd-even prestige price lining demand back ward bait leader value in use
What is good-value pricing?
Value is a relative price point when compared versus premium (expensive) and economy (cheap), the key question to answer is "this is good value compared to what?", and subsequently "why is this better value?"
What is the value of a Browning Magnum Twelve?
You can get gun pricing at http://www.UsedPrice.com. They are a good place to start.
Does General Electric use cost based or value based pricing approach?
value-based pricing approach
Explain the differences between value-based pricing and cost-based pricing?
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What is Value Based Pricing?
Value based pricing is a method of pricing a product based on perceived value. This method sets aside the issue of production and distribution costs and focuses more on what the buyer is willing to pay. This method of pricing is the most popular way to bring more profits to a company's table.
How can I find out the resale value on a hybrid car?
Hybrid cars do have a good resale value. The value can be most accurately checked at the Kellybluebook website. It provides the latest data on pricing of various models.
Compare and contrast cost based pricing value based pricing and competitor based pricing?
Value based pricing is based on percieved value of goods and services in view of customer. A marketer look at the price being offered to customer that how a customer is percieving the value of goods or services. It is price where all cost of product has been accounted and a fair judgment about percieved value for customer in market.
What is base value?
Value based pricing is a method of pricing a product based on perceived value. This method sets aside the issue of production and distribution costs and focuses more on what the buyer is willing to pay. This method of pricing is the most popular way to bring more profits to a company's table.
What pricing strategy does Food Bazar obtains?
My friend, The answer could be psychological, time and value pricing strategies. The pricing technique they always apply is Every Day low Pricing. Srikanth PhD Scholar India
How can one determine the pricing value of a used Dodge Charger?
One could use various tools to determine the pricing value of used vehicles, particularly a used Dodge Charger. Kelley Blue Book and NADAGuides are great tools that one may utilize to find the pricing value of this vehicle.
Anyone know a real good sports card pricing site besides Beckett and tuff stuff?
These are the most notable card pricing sites, but eBay completed auctions is a good way to see the current market value of a card, provided that another copy of the card has sold recently
Contrast the three general approaches to setting prices?
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 stores2) 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 menu4) comepetition-based pricing: is to set price following that of the industry leader ex: breakfast cereal (ex: kellogs)
