Search results
Results From The WOW.Com Content Network
Pricing is the process whereby a business sets the price at which it will sell its products and services and may be part of the business's marketing plan. In setting prices, the business will take into account the price at which it could acquire the goods, the manufacturing cost, the marketplace, competition, market condition, brand, and ...
Pricing strategies determine the price companies set for their products. The price can be set to maximize profitability for each unit sold or from the market overall. It can also be used to defend an existing market from new entrants, to increase market share within a market or to enter a new market.
[7] [8] [2] Price discrimination is distinguished from product differentiation by the difference in production cost for the differently priced products involved in the latter strategy. [2] Price discrimination essentially relies on the variation in customers' willingness to pay [8] [2] [4] and in the elasticity of their demand.
The Sea Toll Program (Indonesian: Tol Laut), sometimes called the Sea Highway Program, [1] is a program initiated by Indonesian president Joko Widodo. Its aim is to reduce price disparity between the main islands of Indonesia and smaller isolated islands, especially those in East Indonesia. It was launched in 2015, and has legal basis under ...
Price-consumption curves are used to connect concepts of utility, indifference curves, and budget lines to supply-demand models. [1] At each price there is a single corresponding quantity of either good. Due to this, by modeling the good with the changing price as any particular good and the good with the unchanging price as all other goods ...
The Jakarta–Bandung high-speed rail line (KCJB) has a track width of 1,435 mm (4 ft 8 1⁄2 in) and was initially powered by 25 kV AC overhead power. This line has been doubled since its construction for the first time. [20] During the trial process on May 18, 2023, the electric voltage was changed to 27.5 kV AC.
Price lining is the use of a limited number of prices for all your product offerings. This is a tradition started in the old five and dime stores in which everything cost either 5 or 10 cents. Its underlying rationale is that these amounts are seen as suitable price points for a whole range of products by prospective customers.
Dumping (pricing policy) Dumping, in economics, is a form of predatory pricing, especially in the context of international trade. It occurs when manufacturers export a product to another country at a price below the normal price with an injuring effect. The objective of dumping is to increase market share in a foreign market by driving out ...