What is value-of-service pricing? Is this approach to pricing valid today?

Q: a. Consider the following statement and explain if it is true or false: "In practice, firms use…

A: Limit pricing is a strategy usually used by the existing firms as an entry to barrier or to deter…

Q: Write notes on Penetrating pricing.

A: Companies advertise new items at cheap prices, with small or no margins, through pricing…

Q: how does advertising affect price elasticity?

A: It is difficult to predict consumer demand, which fluctuates frequently. Economists use the word…

Q: Darnell and Janet are debating the use of coupons by grocery stores. Darnell says, "The use of…

A: Coupons are indeed most effective to price discrimination. Companies set a high price of the product…

Q: iscuss Price discrimination, is it profitable? Also explain its types and degrees with the help of…

A: Price Discrimination:  Price discrimination is a common practice used by Monopolists to charge…

Q: What is the difference between bundle pricing and random pricing?

A: At the marketplace, firms use different pricing strategies to get maximum revenue from selling the…

Q: Define and give a few examples: Pricing Tactics Price Discriminations Pricing Sturcture

A: Pricing tactics are tactics used by firms to maximize profit and reduce cost. Example Firm using…

Q: what is an example of parallel pricing ?

A: Parallel pricing is a method of copying other companies' pricing strategies, especially…

Q: Discuss in details the concept of efficient pricing, illustrate and show the equilibrium.

A: The pricing of a good or service depends on type of market structure in the market is. The pricing…

Q: Describe how the following firms could implement price discrimination (or an advanced pricing…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: In most markets, independents are the most common form of retailer. Why is this the case?

A: There are various types of market where Retailer , wholesale sale their products either homogeneous…

Q: Which degree of price discrimination may cause favor for the consumer rather than producer? Explain…

A: The price discrimination is a pricing strategy often followed by a monopolist where different prices…

Q: Why is price stability difficult to achieve inonline and global marketing?

A: Our economy performs best when prices are stable. That means we must guard against either too low or…

Q: In what different ways does Nutrisystem engage in direct marketing?

A: Direct marketing is a process in which business organization deals directly with the customers and…

Q: The inverse demand curve facing a resort hotel is 400- PL = 100 - QL 350- during the low season and…

A: The peak load pricing strategy is being used by a monopolist. They tend to produce at the point…

Q: Is Cath Kidston’s pricing strategy sustainable? Explain?

A: Cath Kidston’s pricing strategy is sustainable.

Q: know how to plot graph and explain price discrimination

A: The price discrimination is the practice of charging different price from different consumers for…

Q: In one paragraph, explain the pricing factor of competitor pricing. Why does what the competitors…

A: Competitive pricing can be defined as the way of selecting strategic prices so that they can take…

Q: Give at least 5 point in difference and correct ans Distinguish between marginal pricing and…

A: Marginal-Cost Pricing. In a marginal-cost pricing system, the expense of the item does exclude fixed…

Q: The new book, The secrets of the world of Fungi was published as a hardback edition for £20 in March…

A: In this question, we are asked which type of pricing strategy is used.

Q: What is price discrimination and when does it work?

A: Price discrimination is an act of charging different prices for the same product to different…

Q: What is the Difference between predatory pricing, tie-in sales, and bundling? At what Price should…

A: Predatory pricing Bundle pricing Tie- in- sales when firms sell their product at a very…

Q: please provide me some advantages and disadvantages of short term pricing policies

A: The term Price refers to a function of the marketing mix. Pricing is the particular value of a good…

Q: Please explain what are the pricing strategies linked to value definitions. Give  two examples…

A: The pricing strategy refers to the method or strategy used for fixing and setting the price in any…

Q: How starbucks use product differentiation to maximise profits? What is the relation with elasticity…

A: Demand and supply are important for the overall working of the economy. That is because demand and…

Q: Explain what bait and switch is and why it is an example of deceptivepricing.

A: Bait and switch is an example of deceptive pricing.

Q: In the long run, monopolistically competitive firms will charge price

A: Meaning of Monopolistic Competition: The term monopolistic competition refers to the situation…

Q: Based on the following graph (which summarizes the demand, marginal revenue, and relevant costs for…

A: A Market is defined a place or a structure where the buyers and the sellers interact with each other…

Q: what are some pricing tactics used by companies? What form of price discriminations might a company…

A: Some price tactics used by company would be cost based pricing,price management.Profit based pricing…

Q: Explain why an attraction is still motivated to apply price discrimination in pricing even though it…

A: In pure price discrimination, the seller charges each customer the maximum price they will pay when…

Q: Why do some restaurants charge very high prices for wine, drinks and bottled water and yet quite…

A: People usually assess the restaurants based on their food prices. A restaurant is expensive if the…

Q: Describe the difference between an everyday low price strategy (EDLP) and a high/low price strategy

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

Q: Why do firms have an incentive to price discriminate?

A: The market power refers to the control of an entity over the market. The market power in some cases…

Q: What would be your response to the statement,“Profit maximization is the only legitimate…

A: Profit maximization is  the major  criteria used by firms to determine the price, quantity of inputs…