Price
9 pages (2250 words) , Download 2
Price is a term that is commonly used in the business and economic world. In these two fields, price is used to mean the numerical value that is assigned to a good, service or an asset. This numerical value is tied to the monetary values of the good or services.… Price is also very import in marketing. It is one of the four variables that are considered when…
Price Strategy
2 pages (500 words)
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The concept revolves around other related concepts commonly known as the four Ps, which are the "product, place, price, and promotion." It also relates… For success in "pricing strategy," the marketing manager must understand how to heighten the concept by understanding the customers need the clarity on the market and understand the willingness to pay by the…
Price Discrimination
15 pages (3750 words)
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Demonstrate how the principle of willingness to pay underlies consumer surplus and the practice of price discrimination. Explain the equilibrium solution to an industry that is able to practice perfect price discrimination. The conception of the consumer's surplus originated from the Marshallian theory of cardinal utility.… KD is the marginal utility curve.…
Promotion & Price
2 pages (500 words) , Download 1
The location for the business will be in the heart of the city’s corporate district. The following section of the paper outlines the measures that can be taken in the… hannels can also be segmented in order to reach a wide range of people given that the business particularly offers services which can appeal to different people. Price discounts to regular…
Price Controls
11 pages (2750 words)
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This paper will try to analyze the problems associated with price controls. Price controls are government interventions in the economy used to regulate prices. The intention behind developing price controls is to retain the affordability of products, prevent price increases during shortages.… Price ceiling refers to the highest amount that can be charged for a…
Price control
2 pages (500 words) , Download 1
The article Price Controls was published in 2011 in the New York Times includes a series of short articles about the effects of price controls on different parts of the world (Nytimes). In Brazil back in the mid 1980s the government eliminated price controls that were instituted… The opinion of the College of Physicians was based on the fact that it would be…
Price Elasticity
1 pages (250 words) , Download 1
In most cases, cross-price elasticity of demand tends to measure the rate of quantity response that is demanded on a particular good because of… In this case, if goods A and B are complementary, they have to be purchased together for a consumer to reap their utility. Complementary goods have a negative cross elasticity of demand; this implies that the demand…
Price Analysis
2 pages (500 words)
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This requires a lot of transparency and accountability by the officers doing it. The constitution gives the government permission to enter into such contracts. Various characteristics of Government… The basis of certain agreed conditions such as the quality and the time taken to perform the contract determines the price. Some government contracting…
Price Setting
3 pages (750 words) , Download 2
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Part 1 1. Price setting is often regarded as a complex multi step approach that takes into account various elements such as the external environment, demand for the product, competitors as well as internal elements like operating costs. As such, this paper seeks to evaluate the price mechanism that is used by Kentucky Fried Chicken (KFC), an international fast food restaurant that operates in more than 80 countries.…
Price Analysis
2 pages (500 words)
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Whenever goods and services are intended to be purchased, the rational buyer is always interested in judging the true price of the goods and services (Dahl and Hammond 1977). Pricing analysis is quite important as the incorrect price paid may lead to the danger of incurring… R) promulgates which is a helpful guideline that assists both the parties to…
Oil price
5 pages (1250 words)
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This paper shows the trends in the price of oil since 1999 and the global demand and supply of oil. It identifies the causes that have led to the associated situations in the past as well as currently. The price of oil has been rising steadily since 2002 and the world is unlikely to see any change in this trend.… Since this rising prices is inevitable, the…
Price Analysis
1 pages (250 words)
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Price Analysis refers to evaluating and examining the quoted price of a good or a service without considering the costs involved and the profit included in the given price. It is a process that is basically used to determine how reasonable and fair the quoted price is to the… However, among the various methods, a consumer should choose the one that suits the…
Kindle: Price
3 pages (750 words) , Download 0
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Kindle Name: Institution: Kindle According to a survey done by Amazon Company themselves, millions of people are assumed to be using the kindle bearing in mind that 3 million kindles have been sold since 2009. The kindle, even though it provides a digital version of a book, is said to be a less expensive option of acquiring a book due to the digital format (Fox, 2012).…
Price Comparisons
1 pages (250 words)
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This cuts cost of driving to a department store or a retail managed store. In case of the unavailability of a given item in the store you just have to shop to another store at the comfort of your home retail on the other hand… In departmental store, local charges must be undergone. . In a discount store, the pricing strategy assumes the competitor and…
Price control
4 pages (1000 words)
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The main aim of introducing price controls is to maintain affordability of the country’s staple food and basic goods to the hard pressed social… Price control policies in history were put in place as portion of a larger income policy package while inducing wage controls as regulatory element. Price control takes two forms, a ceiling price (maximum) and the…
Price Elasticity
1 pages (250 words)
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Price elasticity measures how responsive a variable is to price changes. A product is considered elastic if a small price change has a… The greater the percentage of income the commodity represents, the greater the elasticity because it will attract people’s attention as a result of its high cost (Moschandreas, 2000). If a commodity represents a small…
Price Theory
4 pages (1000 words)
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This paper will throw light upon the price theory which is extremely important to understand. Demand and supply plays the most pivotal role in deciding the price of a commodity or a service. The same will be elucidated further with the help of Euro star which is a fast- speed train which covers areas in London, Brussels and Paris.… Another important element…
Price Elasticity
2 pages (500 words)
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Being related to conspicuous consumption the CD industry is deeply affected by the changes in demand. Often the demand for automobiles go for nose-dive when the price for the fuel it runs on hikes up. The reason for this is quite obvious, simply put, consumers are unwilling to spend a fortune buying an automobile and then spending a second fortune running it!…
Gas price
5 pages (1250 words)
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Name: Instructor: Course: Date: Gas Price Abstract The price of gas has not been stable for several years in the global, regional, national as well as local levels. Many features have caused gas prices to escalate and this has caused many impacts to businesses as well as individuals.… Introduction There has been a tremendous growth in the global trade in gas.…
Price elasticity of demand
1 pages (250 words)
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In such cases, if there occurs and increase in one of the possible substitutes, consumers will switch to the next available substitute that is… However, if the product in question satisfies other luxurious wants such as entertainment and swimming pools, then its price elasticity of demand will be elastic. Time elapsed since price change; if it is in the short…
Equilibrium price and quantity
5 pages (1250 words)
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In economic terms, market equilibrium refers to the point where the quantity demanded and supplied are equal at a particular price level. It is the point where the demand curve intersects with supply curve (see Graph 1 below). The equilibrium price and quantity are reached as the buyers and sellers bargain until they agree upon the specific level of price at which both are willing to demand and supply the same quantity.…
Price and Demand
3 pages (750 words)
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If people start to buy more of a product due to an increase in the price of another product, the curve obtained in this situation will be called cross demand curve. But, as you know that measuring the change in quantity demanded due to a change in price is called elasticity of demand which is; … the change in quantity demanded will be different for an equal…
Is Price Gouging Bad
1 pages (250 words)
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In most cases, price gouging occurs after disasters which create the need for basic items such as water, food and electricity which become… Price gauging is good because it attracts suppliers to areas where there is limited or no supply of basic good. After hurricane Katrina hit Mississippi over 5 million people were living without power hence there was a high…
Elastic and inelastic price
1 pages (250 words)
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This particular paper discusses the impact of a change in supply on two products whose price elasticity of demand is elastic for the first product and inelastic for the second. If the demand curve is elastic the resulting change in the amount of the product supplied will be… The change in the price of diagram A is P2-P1 and the change in the quantity is Q2-Q1.…
The Price System
2 pages (500 words)
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It is apparent that the supply of the rations reduced, which made the smokers to have limited food to consume. As a result, the smokers would… The cigarettes packed in packets were essential for large transactions because they attracted good offers from the smokers. However, the cigarettes were also not convenient for a currency because people smoked them…
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