Business enthusiasti... • 5m
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 • 11m
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 MoreHey I am on Medial • 10m
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 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 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... • 4m
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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