Competition based pricing is a price set by a company for a product to compete with another company's pricing. Production and distribution costs are ignored to drive demand towards another brand. This method of pricing can cause a long-term decrease in product perception and decrease a product's value for future profits.
what are the advantage of competition based price
I'm doing a school assignment so I have no clue! :)
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competition price
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what are the advantage of competition based price
I'm doing a school assignment so I have no clue! :)
This is EASY: "Penetration Pricing" based on Pricing, competition, strangely, Demand, and illegally price fixing...
The advantage of value based pricing is increased profits and customer loyalty. The disadvantages are labor cost, competition, and the niche market.
yujuutyjutyju
competition price
Cost based pricing uses the costs that were invested in producing the goods. In market based pricing, supply and demand are the key factors that determine price.
The cost based pricing may overlook costs that are not monetary. Cost based pricing may overlook inefficiency Cost based pricing may not take advantage of consumer surplus.
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value-based pricing approach
Predatory means "in the manner of a predator." Predatory pricing is designed to drive competitors out of business by pricing so low that the competition can't compete.
Gasoline pricing is regulated and taxed, therefore, one corporation can not change prices dramatically.