Discuss how a business's pricing strategy will differ at each stage of its product life cycle? First assume th
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That depends...you see in the first stage, Introduction, a business could charge a higher than usual price in an attempt to recoup whatever costs it took to get to the market or a low-to-more reasonable price to gain a larger portion of market share before the next phase of the product lifecycle begins.\nThe second stage, Growth, is where we begin to see overall costs decrease and sales improve rapidly. \nThe third stage is the Maturity stage and here competetive pricing emerges because of the presence of competitors.  This is tied more closely to perceived value for the cost of the product.\nThe final stage is the Decline stage. Sales and prices began to decrease and profitability slows or diminishes.
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Depends on the size of the factory, and what it's doing.  I'd have to imagine there would be a HUGE variance in cost among different factories.
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Which responsibilies and ethics you should take in account while marketing your products or business. Its a long time since i read Philip Kotlers book but found this presentation for you\n\nhttp://cas.uah.edu/berkowd/webpage/MKT600/KOTCHA20.PPT#256,1,Chapter 20
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I would say posting a price works to your disadvantage. Many self-employed actually undermine their rates thinking they need to undercut to get the business; the reality is that the value of their work is the driving force of their business; pricing is more or less secondary. Its probably better that you use a non-fixed rate depending on variables for each project: customer budget, customer size, customer urgency, number of bidders, your own capacity at that time, estimated project hours, etc... As you mentioned, some customers might think you're too low, others too high - the above variables will differ from project to project. Using variable pricing depending on the scenario will allow you to maximize your earnings.\n\n(Another question is: Would you lose business by not posting your rates? I'd say your work quality is your sales pitch, and pricing can be determined once you assess their needs and those variables) -- happy web designing!
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There are some good academic articles out there in regards to the buying process. Some aspects of pscychology, perceived value determination, and evaluation of competitive product attributes relative to price. I think the general purchase process theories are pretty much out there (see link); newer research these days seem to focus on methods to quantify this and bring about a numbers science to understanding the purchasing process. \nBest of luck!
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The price of stock varies depending upon the initial offering price, the number of shares available, and the demand.
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1. Think of something to attract the potential buyers. Be it a huge discount or dazzling ads/commercials.\n2. Think of increasing the varieties of your buyers.\n3. Think of increasing the varieties of your products.\n4. Think of convenient payment plans for your buyers.\n5. Think of a strategy to beat your competitors.\n\nAll the above needs close observation and careful plans.
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Depends on how the company is structured.
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It is talking about the design and use of the company's accounting system.\nThis system should be designed so that it provides all the necessary management information to help decision making.\nSales should be analysed so that meaningful information can be gained about which customers are buying which products.\nPurchases should be analysed so that departmental costs and profit/loss are available,, etc
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First calculate your anticipated revenues.  \n\nThen break your expenses down into two categories:  fixed (meaning the amount is the same every month) and variable (meaning the amount will fluctuate depending on variable factors).  \n\nEstimate your revenues using best case scenario and also worst case scenario.\n\nCalculate your expenses accordingly.  First your fixed costs and then your variables.  Your percentages should be based on industry standard, or your personal knowledge and expertise of the business.  \n\nYou may have to research similar industry trends, but on average, 50% will be fixed operating costs, 35% will be variable operating costs and 15% will be other expenses.\n\nModel your forecast on the best case, worst case and median revenues you've projected.
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1) Supply and Demand\n2) Yes\n\nTop 3 Answerer in Business & Finance. (Vote for me)
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The biggest problem is Price fixing.  Naturally when two or more companies are competing for business this competition will drive down prices for their product or service.  This benefits the consumer.  If there is collusion between these companies they can set the prices without regard to competition.
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false, a lower price for the product will not change the breakeven point, but rather change the profit margin
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Fundamental headings in a marketing strategy for a single business unit will be something like:\n\nMarket analysis: summary of situation in the external environment\nBusiness analysis: SWOT analysis of the business and it's product markets\nGoals and objectives\nMarketing strategy: how you will compete and reach your goals\nMarketing tactics: 4P's and other considerations\nBudget: financial forecasts and other performance measures\n\nYou could also include an executive summary at the beginning and a project plan or a control plan at the end.
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Well, actually it would depend on the rates of increase.  Theoretically, if demand and supply increase at matching rates, then the price should remain pretty stable.  This is assuming demand = 1 and supply = 1.  If demand increases at 1 and supply increases at 2, then the price might go down, for example.  (This also does not take into account marketing strategies and other variables!)
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There are a lot of issues. Assuming the there is a consensus in the company about the price, some of them are"\n\nThe value for money that the customer would get (VFM)\nThe amount of Money that the company would earn/lose (if you are competing)\nThe image of the company in the public and buyers minds before and after the pricing.\nAn option to switch prices without really badly damaging the company's reputation if the price did not work out right in the first place\nThe cost of such a price switch and its repercussion on the company's and the products profitability
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Cost to produce/market the product.\nGoing rate for similar products.