Business enthusiasti... • 8m
Pricing Strategies:- 1. Cost-Plus Pricing: Adds a markup to production costs. - Example: A $10 product sold for $15 ensures profit. 2. Value-Based Pricing: Prices reflect perceived customer value. - Example: Apple charges premium rates for its brand and quality. 3. Competitive Pricing: Matches or undercuts competitors. - Example: Budget airlines offer cheaper fares to draw passengers. 4. Penetration Pricing: Low initial prices gain market share, then increase. - Example: Netflix’s early low rates attracted millions. 5. Price Skimming: High launch prices drop over time. - Example: Gadgets debut at a premium, then reduce. 6. Psychological Pricing: Prices like $9.99 appear cheaper than $10. - Example: Retail stores often use this tactic. 7. Dynamic Pricing: Prices adjust based on demand. - Example: Uber charges more during peak hours -From -Onlybuziness -Follow for more
Hey I am on Medial • 1y
How important is a problem statement? If you can deliver a better product than the competition ,if it's quicker delivery or cheaper prices. Will it be a issue if there is not a huge problem? For example in the fashion industry if delivery speed is n
See MoreDaily Learnings... • 1y
Have studied about Monetary Policy in short and it's effect. The monetary policy is a tool through which the Reserve Bank of India (RBI) controls the money supply by controlling the interest rates. RBI is India’s central bank. While setting the int
See MoreHey I am on Medial • 1y
The Psychology of Pricing: How to Set Prices That Sell Pricing isn’t just about numbers; it’s about psychology. Understanding how people think can help you set prices that not only attract but also convert. Here’s how: 1. The Power of “9”: Ever wonde
See MoreLearning is key to s... • 1y
Come-on guys let's learn about the PRICING today ! Price of a product is the amount which a buyer is willing to pay & seller is willing to charge/sell for the product. Price of the product may also determine the success of the product at some exten
See Moreobsessed with why an... • 7m
Did you ever notice that Blinkit & Zepto show different prices on Android vs. iOS? It’s not a glitch though, its dynamic pricing at play! But whyis it happening? ✅Brands tweak prices based on user behavior, ✅ They pay commission to the App Store
See MoreFounder-Hexpertify.c... • 1y
“Plane Ticket in cost of a Train Ticket” Disruption Dairies #3 Deccan Airlines was founded by Captain G.R. Gopinath in 2003 as India’s first low cost Airline with a plan of offering plane ticket in a train ticket cost. To keep the operating costs
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