Back

Only Buziness

Business enthusiasti...ย โ€ขย 2m

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: Netflixโ€™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

0 replies12 likes
5

More like this

Recommendations from Medial

Image Description
Image Description

Sairaj Kadam

Entrepreneur |Founde...ย โ€ขย 3m

The Psychology Behind Pricing Strategies: Why You Pay What You Pay Ever wondered why a product costs $9.99 instead of $10? Or why luxury brands rarely go on sale? Pricing isnโ€™t just about numbersโ€”itโ€™s about perception, behavior, and psychology. Her

See More
11 replies5 likes
1
Image Description
Image Description

PRATHAM

ย โ€ขย 

Medialย โ€ขย 9m

How to dominate a crowded segment โ‰๏ธ Let's take the example of the Energy Drinks Market in India. This market was premium, with prices higher than your parents expectations with you. And in such a premium market, the cost of making the product is us

See More
25 replies11 likes
1
Anonymous

Your business targets middle-class consumers who want premium-quality vegetables and fruits but at reasonable prices, giving them an upper-class shopping experience without extra costs. 1. Premium Experience at an Affordable Price - Offer high-qu

See More
0 replies1 like
1
Anonymous
Image Description
Image Description

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 More
3 replies3 likes
Image Description

Atharva Deshmukh

Daily Learnings...ย โ€ขย 9m

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 Indiaโ€™s central bank. While setting the int

See More
1 replies8 likes
Image Description

Sandip Kaur

Hey I am on Medialย โ€ขย 7m

The Psychology of Pricing: How to Set Prices That Sell Pricing isnโ€™t just about numbers; itโ€™s about psychology. Understanding how people think can help you set prices that not only attract but also convert. Hereโ€™s how: 1. The Power of โ€œ9โ€: Ever wonde

See More
1 replies3 likes
2
Image Description
Image Description

Aadi Karani

Learning is key to s...ย โ€ขย 11m

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 More
14 replies25 likes
4
Image Description
Image Description

Bhavya luthra

obsessed with why an...ย โ€ขย 1m

Did you ever notice that Blinkit & Zepto show different prices on Android vs. iOS? Itโ€™s not a glitch though, its dynamic pricing at play! But whyis it happening? โœ…Brands tweak prices based on user behavior,ย  โœ…ย  They pay commission to the App Store

See More
2 replies11 likes
2
Image Description
Image Description

Jaswanth Jegan

Founder-Hexpertify.c...ย โ€ขย 8m

โ€œPlane Ticket in cost of a Train Ticketโ€ Disruption Dairies #3 Deccan Airlines was founded by Captain G.R. Gopinath in 2003 as Indiaโ€™s first low cost Airline with a plan of offering plane ticket in a train ticket cost. To keep the operating costs

See More
25 replies29 likes
4
Anonymous

BCG Matrix: Concept 2: Cash Cow Key Characteristics of Cash Cows: High Market Share: These products or businesses dominate their sector. Low Growth: The market is stable or growing slowly. Low Investment Needs: They require minimal investment t

See More
0 replies2 likes

Download the medial app to read full posts, comements and news.