INTRODUCTION Value-based pricing is a method of pricing products in which companies first try to determine how much the products are worth to their customers. The goal is to avoid setting prices that are either too high for customers or lower than they would be willing to pay if they knew what kind of benefits they could get by using a product. In most firms prices are determined by intuition‚ opinions‚ rules of thumb‚ out-right dogma‚ top management’s higher wisdom‚ or internal power fights1
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Pricing objectives are goals that describe what a firm wants to achieve through pricing. Pricing objectives must be stated explicitly‚ and the statement should include the time frame for accomplishing them. There are six stages of setting prices. They are developing pricing objective‚ assessing the target market’s evaluation of price‚ evaluating competitors’ prices‚ choosing a basis for pricing‚ selecting a pricing strategy‚ and determining a specific price. Cost-based pricing is adding a
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efficient services‚ and survive in the emerging new competition‚ apart from the profit motive which is the primary objective of the business. In order to achieve these goals of business‚ various e-channels have been developed through technology. ‘Internet Banking’ is one of the best alternative channels available to customers for quick‚ correct and efficient service at anytime and anywhere. The present paper is devoted to explore the extent of Internet banking in Indian banking industry. Time period
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IACSIT Press‚ Singapore Competitive Pricing Strategies of Low Cost Airlines in the Perspective of Game theory Lim Seng Poh+ and Mohd. Ghazali bin Mohayidin Open University Malaysia Abstract. Price is the weapon of choice for many low cost airlines in the competition for market share. Regional low cost airlines’ pricing strategy for market stimulation is issuing free tickets and competing in ticket prices setting. It has been assumed as an effective strategy in influencing customers’ purchasing
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Dana Wheeler‚ senior vice president of marketing for The Fashion Channel (TFC) must create a strategy which would help deal with the current marketing challenge. Wheeler’s major challenge is to choose an explicit target market in which her team can market towards in order to increase revenues for The Fashion Channel. The key Point’s of The Fashion Channel case include: 1. Build strong Target Market - In order for TFC to maintain and increase their advertising revenue model they must build
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Market structures and pricing Revenues Consumers * Inverse demand curve gives willingness-to-pay * Benefit consumer(s) derive(s) from additional good; * Area under inverse demand curve measures total willingness-to-pay‚ total benefit or total surplus. * Maximum price I can charge as producer determined by inverse demand function * Marginal revenues; revenue of next unit I sell Strategies * Profit maximization * Marginal profits equal to 0 (MR=MC) *
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What is the bank lending channel of monetary policy? Should we expect quantitative easing to give rise to a bank lending channel? Introduction The global financial crisis that followed the infamous collapse of Lehman Brothers in 2008 shook the very roots of the modern financial world. As a result‚ central banks across the globe were forced to re-evaluate and introduce new strategies in order to neutralise the damaging effects this crisis could potentially have had‚ and this process continues to
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International Marketing Channels True / False Questions 1. The distribution process includes promotion of goods and services by sellers and resellers. True False 2. The behavior of channel members in the distribution process is the result of the interactions between the cultural environment and the marketing process. True False 3. In an import-oriented distribution structure‚ supply often exceeds demand. True False 4. Traditional channels in developing countries
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Communication Channel Scenarios MGT/521 04/29/2011 SCENARIO 1 1. According to the Organizational Behavior‚ Fourteenth Edition article‚ the Formal Channel of communication is explained as‚ “Traditionally following the authority chain within the organization” ( Stephen P. Robbins‚ 2011‚ p. Chapter 11). Lateral communication is occoring in this situation because I am of equal status as my team members. The Vice President of Operations passes the news to me then I convey the message
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Chapter 8 Traditional Media Channels CHAPTER OVERVIEW This chapter is devoted to explaining the nature of the advertising media selection. The topics to be covered include: • The media strategy • Media planning processes and the roles of the media planner and buyer • Advertising objectives • Media choices based on the advantages and disadvantages of each medium • Media selection in business-to-business and international settings
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