Administered Prices and Open Market Prices
TOPIC: ADMINISTERED PRICES AND OPEN MARKET PRICES: ANALYSE WITH THE HELP OF CONSUMER BEHAVIOUR.
SUBMITTED TO:
MR.MANDEEP SINGH SUBMITTED BY: SABA MASOD ROLL NO: B43 Sec :-sm1001 Index
1.Introduction
2. Review of literature
3. Administered price and consumer behaviour.
4. Open market price and consumer behaviour. 5. Alternative price mechanism and consumer behaviour.
6. Objectives of study
7. Analysis
8. Bibliograpy
INTRODUCTION OF
ADMINISTERED PRICES:-
Price set by the management of a firm, and not arrived at through negotiations between a buyer and a seller. Most retail and industrial prices are administered prices, which are then adjusted in response to the competitors ' prices. Administered pricing is also referred to as rigid pricing.or inflexible pricing refers to the setting up of prices by public or private entity and not by market forces.Price set by the management of a firm, and not arrived at through negotiations between a buyer and a seller. Most retail and industrial prices are administered prices, which are then adjusted in response to the competitors ' prices.
OPEN MARKET PRICES
A market which is widely accessible to all investors or consumers. In open market prices,prices of goods and services are determined by the forces of demand and supply and not by manipulation by cartels or government policies.
For example in an open market for wheat and barley, multiple entities would have the ability to buy grain from western farmers in a competitive environment. These buyers would likely comprise current grain handling firms and
SUBMITTED TO:
MR.MANDEEP SINGH SUBMITTED BY: SABA MASOD ROLL NO: B43 Sec :-sm1001 Index
1.Introduction
2. Review of literature
3. Administered price and consumer behaviour.
4. Open market price and consumer behaviour. 5. Alternative price mechanism and consumer behaviour.
6. Objectives of study
7. Analysis
8. Bibliograpy
INTRODUCTION OF
ADMINISTERED PRICES:-
Price set by the management of a firm, and not arrived at through negotiations between a buyer and a seller. Most retail and industrial prices are administered prices, which are then adjusted in response to the competitors ' prices. Administered pricing is also referred to as rigid pricing.or inflexible pricing refers to the setting up of prices by public or private entity and not by market forces.Price set by the management of a firm, and not arrived at through negotiations between a buyer and a seller. Most retail and industrial prices are administered prices, which are then adjusted in response to the competitors ' prices.
OPEN MARKET PRICES
A market which is widely accessible to all investors or consumers. In open market prices,prices of goods and services are determined by the forces of demand and supply and not by manipulation by cartels or government policies.
For example in an open market for wheat and barley, multiple entities would have the ability to buy grain from western farmers in a competitive environment. These buyers would likely comprise current grain handling firms and
Bibliography: 1:http://www.informaworld.com/smpp/home~db=all 2:- http://www.ssrn.com/ 3:- http://www.proquest.com/ 4:- http://www.managementparadise.com/ 5;- http://www.wordiq.com/definition/aDMINISTERED prices 6:-http://en.wikipedia.org/wiki/open market pricing 7:-http://www.informaworld.com/smpp/content~db=all~content=a776388179 http://WWW.CONSUMER BEHAVIOUR.com/-dt20090625ptan20090165010.php journals Congressional Research Service document "Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition" by Jasper Womac.