Illustrate about the demand based pricing, Marketing Management

Assignment Help:

Illustrate about the Demand Based Pricing

At times, prices are determined by the demand for product. Under this method, without paying much attention to cost and competitor's prices, marketers try to ascertain demand for the product. If demand is high they decide to take advantage and fix a high price. If demand is low, they fix low prices for their product.  At times they resort to differential prices and charge various prices from different groups of customers depending upon their perceived values and capacity to pay.  Take the case of cinema halls where rates of tickets differ for different sets of rows in the hall.

 


Related Discussions:- Illustrate about the demand based pricing

Product lifecycle, Product Lifecycle The key terms include: 1. P...

Product Lifecycle The key terms include: 1. Product Class.    At the most generic stage, this phrase refers to all products from all competing producers that serve the

Mass marketing, Mass Marketing Mass marketing includes the mass product...

Mass Marketing Mass marketing includes the mass production, distribution, and the promotion of one product for all buyers.

What is the job function of public relation, What is the job function of pu...

What is the job function of public relation? Introduction about Public Relation: The initial goal of a public relations department is to improve a company. Reputation of

Channel planning, process involved in designing channels

process involved in designing channels

Scope of marketing, Describe the scope of marketing. The scope of mark...

Describe the scope of marketing. The scope of marketing can be illustrated in terms of functions which a marketing manager performs. Into most of the business enterprises, ma

Pigeonhole principle, A binary relation R from A to B is said to be a funct...

A binary relation R from A to B is said to be a function if for every element a in A, there is a unique element b in B so that (a, b) is in R. For a function R from A to B, instead

Tools of promotion, Tools of Promotion Advertising A paid form of...

Tools of Promotion Advertising A paid form of non-personal communication regarding to an organization and/or its manufacture to a target audience via a mass medium. P

Describe about the sales promotion tool, Describe about the Sales promotion...

Describe about the Sales promotion tool Advertising and sales promotion are tools which allow for a high level of control by the sponsor while public relations, and publicity in

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd