A price-setting process is a sophisticated multi-step approach that has to take into account the ext

Get perfect grades by consistently using Writerbay.net writing services. Place your order and get a quality paper today. Take advantage of our current 20% discount by using the coupon code GET20


Order a Similar Paper Order a Different Paper

A price-setting process is a sophisticated multi-step approach that has to take into account the external environment, competitors, and consumer demand for the product, as well as internal factors such as operating costs.

 

  1. After summarizing the main steps of the price setting process and the most important aspect of each stage, choose one of those steps and discuss the relevant challenges that your organization may (or does) face while setting the price. Specifically mention the factors that the organization must consider in determining the price.  
    1. Pricing Objective
    2. Forecasting Demand
    3. Estimating Costs
    4. Competitive Analytics
    5. Choosing pricing method
    6. Establishing final price

     

  2. In some cases a company has to cut its prices or react to price cuts initiated by competitors. What are the various strategies for and possible implications of such actions for the organization?    

You are expected to present research findings (from your company or industry, as well as academic) while answering this question.

    • Posted: 4 years ago
    • Due: 02/03/2016
    • Budget: $15

    Do you need help with this or a different assignment? We offer CONFIDENTIAL, ORIGINAL (Turnitin/LopesWrite/SafeAssign checks), and PRIVATE services using latest (within 5 years) peer-reviewed articles. Kindly click on ORDER NOW to receive an A++ paper from our masters- and PhD writers.

    Get a 15% discount on your order using the following coupon code SAVE15


    Order a Similar Paper Order a Different Paper