Developing Pricing Strategies




Pricing in Digital Era

The amount of money charged for a product or service, or the sum of the values that consumers exchange for the benefits of having or using the product or service.
Buyers can :
•Get instant price comparisons for thousands of vendors
•Check prices at POP
•Name the price and have it met (Priceline.com)
Sellers can:
•Monitor customer behavior and tailor offers to individuals
•Give certain customers access to special prices



Changing Pricing Environment


Pricing has changed due to increased technology
Concept of creating a sharing economy.
Bartering
Renting: 
Location: Dubai - United Arab Emirates

Comments

Post a Comment

Popular posts from this blog

Sachin Tendulkar: A Living Legend- Real Indian Hero

Image
Sachin Tendulkar: A Living Legend- Real Indian Hero Cricket isn't simply every other game in India. It is the 3rd maximum critical entity in our after Politics and Bollywood. The likes of Sunil Gavaskar and Kapil Dev had hung up their boots, and the entire nation changed into waiting, with bated breath, for its next celebrity to appearance up to. And it did come, albeit within the most unlikely of packages – a 16-year-vintage, 5’6″ tall curly-haired guy who knew handiest one expression – to smile. However, neither of that mattered. What, in fact, mattered became that he allow his bat do the speaker. His impeccable shot selection, his crisp timing, and that candy sound when the ball hit the center of the bat captured the imagination of scores. As years went by using, the commentators have been scrambling for dictionaries to find words to explain and admire, but this guy in no way once lost his Midas touch. By the cease of an illustrious 24-years-long career, he had wri
Read more

Preparing to invest? These things should be known

Image
            Do you find it very easy to start investing? But now it is not so easy. Investing is part of your overall financial planning. So even if it is one rupee, one should think before investing. Some Things to Know Before Investing 1. Prepare your own budget. This is the first thing to do before investing. Once you have your own budget, you will be able to understand how much money you can invest after dwelling and other expenses. For budgeting, first write down all the sources you can get from various sources. This includes the salary of your spouse, rental income, interest on investments and dividends. Then make a list of expenses for each month and set aside the amount. This should include everything from grocery bill to petrol costs to vehicles, car EMI. It is better to calculate all revenues and expenses for the month. Once you have budgeted and followed it, the first stage of financial planning will be completed. Within two to three months you will
Read more