Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Competition oriented pricing policy
Most companies fix the price of their products after a careful consideration of the competitor's price structure. Deliberate policy may be formulated to sell its products in the competitive market. Tree policy alternatives are available to the firm under this pricing method:
1) Parity pricing or going rate pricing: under this method the price of a product is determined on the basis of the price of competitor's products. This method is used when the firm is new in the market or when the existing firm introduces a new product in the market. This method is used when there is a tough competition in the market. The method is based on the assumption that a new product will create demand only when its price is competitive. In such a case. The firm follows the market ledger.
2) Pricing below competition level or discount pricing: discount pricing means when the firm determines the price of its products below the competitive level i.e., below the price of the same products of the competitors. This policy pays where customers are price the method is used by new firm entering the market.
3) Pricing above competitive level or premium pricing: premium pricing means where the firm determines the price of its product above the price of the same products above the price of the same products of the competitors. Price of the firm product remains higher showing that its quality is better. The price policy is adopted by the firm of high repute only because they have created the image of quality producer in the minds of the public. They became the market leader.
Identify the management assertions related to each of the fictitious supplier credits and unrecorded amounts in accounts payable using the facts presented
Objective Function Although the standard LP model can be either the maximization or the minimization type, it is sometimes useful to convert one form to the other. The maximiz
Q. What is the issue price for Bond A and B ? On December 31, 20x7, the Jill Corporation issued $20,000,000 of 15 year face value bonds. The bonds pay interest on June 30 and D
Gafat Engineering Ethio plc manufactures two types of TV sets LCD and CRT both having only one model. The LCD and CRT television sets sell for $9000 and $5000, respectively. the co
opening stock 19000 closing stock 21000 sales 200000 gross profit 25% on sales calculate stock turnover ratio
assignments
select any manufacturing company of your choice that produces any product. describe and compare the marginal and absorption costing system used in the selected company
Liquidity ratios Liquidity refers to the ability of concern to meet its current obligations as and when these become due. The short term obligations are met by realizing amount
Accounting Profit is a company's sum total earnings, computed according to Generally Accepted Accounting Principles (GAAP), and involves the explicit costs of operating business, l
What is period cost Period costs are those costs which are reported as expanses of the period in question. These are cost which are not assigned to the product but are charged
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd