Discuss the main factors affecting product pricing in the UK Price – the amount of money which costumer pays for product or service to in order to achieve them‚ or the sum of values that one party exchanges with another to have or use products or services. The main factors which determine price are demand and supply. Demand is a desire of customers to own and the ability to pay for products or use services. Supply is quantity of products or services which are available to sell at the given time
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has thus been put on Unisa to improve on the quality of service interms of delivery period of study materials‚ quality of study contents‚ quality improvement from the support services‚ quality of the teachers and teaching methods. In order to discuss the various barriers towards improvement on the aforementioned area of quality improvement‚ it is imperative to highlight what really constitute quality at Unisa. The higher education quality committee (HQEC)‚ a permanent committee of the council
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Factors affecting Pricing Strategies Introduction Pricing can be defined as the assignment of value or the cumulative amount of value that a customer must exchange in order to receive a particular product or service (Gerth‚ n.d.). For marketers‚ pricing can be viewed as a single strategic tool that can translate a potential business entity into reality (Abratt & Pitt‚ 1985). On the same notion‚ Avlonitis & Indounas (2005) noted that pricing is the only element of the marketing mix that
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Kingston upon Hull has been much maligned in the popular media as a city with the highest obesity and teenage pregnancy rates. The city also has been near the bottom for GCSE results for many years. I think it is safe say that Hull is a long way from being nominated for the city of culture award. It is therefore remarkable that located behind a run down‚ unstable and dirty bus terminal lays a tiny theatre known all over the theatrical world. The theatre is the home of Hull Truck and the playwright
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success factors for the low-cost airline industry Figure 1 illustrates the process followed to determine the key success factors (KSF) in the low-cost airline industry. It is adapted from the process developed by Grant (2005: 93). The texts highlighted in red are the responses to the questions posed in the model and serves as the inputs to the discussion on the KSFs for the low-cost airline industry. Figure 1. Identifying key success factors in the low-cost airline industry. Cost As consumers
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film previews‚ and to buying and downloading music online. The Internet has now become one of the music industry’s greatest markets‚ estimated to reach over 25% of sales in five years. This may be true‚ yet the Internet is also one of the music industries greatest enemies. For some years now online shopping has been available to anyone with a credit card and an Internet connection. E-commerce retailers such as Amazon.com sell everything from garden tools‚ to C.D’s and mini-discs. It is only in the
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Written by: Edmund Quek CHAPTER 6 THE THEORY OF COST LECTURE OUTLINE 1 2 2.1 2.2 2.3 2.4 2.5 2.6 3 3.1 3.2 3.3 INTRODUCTION SHORT-RUN THEORY OF COST Distinction between fixed cost and variable cost Total cost Marginal cost Average cost Relationship between marginal cost and average cost Optimum capacity LONG-RUN THEORY OF COST Cost minimisation in the long run Long-run average cost Productive efficiency References John Sloman‚ Economics William A. McEachern‚ Economics Richard G. Lipsey and
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Question Higher education learner’s academic performance is affected by multiple factors. Discus 50[marks] Answer Student academic performance is one of the major determinants in assessing the quality of Education. Students at higher education are mature enough to mention the influential and hindering factors towards their academic performance. Identifying factors that influence students’ learning and thus academic perfomance continues to be an important objective of educators at all levels
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Airline Industry: Pricing Structure and Strategies ABSTRACT The profitability of an airline industry depends on filling seats‚ and on the company’s ability successfully to anticipate the cost and price structures of their competitors. However‚ many airline carriers have a hard time accomplishing this because the average airline passenger just needs to travel from one destination to another in the most convenient and shortest amount of time at a reasonable price. Therefore‚ customers in this
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interdependence of the world economy’s. These are some reasons to explain the growth of globalisation 1. Increase in Free Trade. Since the second world war‚ tariffs have generally been reduced. This has been encouraged through organisations such as the WTO. This has increased trade between different countries; this is an important factor in the process of globalisation. 2. Technology Technology has improved communication between different countries. Therefore‚ it has become easier to split up
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