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Price Comparison
Pricing is the process whereby a business sets the price at which it will sell its products and services, and may be part of the business's marketing plan. In setting prices, the business will take into account the price at which it could acquire the goods, the manufacturing cost, the marketplace, competition, market condition, brand, and quality of product. Pricing is a fundamental aspect of product management and is one of the four Ps of the marketing mix, the other three aspects being product, promotion, and place. Price is the only revenue generating element amongst the four Ps, the rest being cost centers. However, the other Ps of marketing will contribute to decreasing price elasticity and so enable price increases to drive greater revenue and profits. Pricing can be a manual or automatic process of applying prices to purchase and sales orders, based on factors such as: a fixed amount, quantity break, promotion or sales campaign, specific vendor quote, price prevailing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sale Tags
Sale may refer to: Common meanings * Sales, the exchange of goods for profits * Sales, discounts and allowances in the prices of goods Places *Sale, Victoria, a city in Australia *Sale, Myanmar, a city * Sale, Greater Manchester, a town in England *Sale (Thrace), an ancient Greek city * Sale, Piedmont, a commune in Italy *Salé, a city in Morocco **Republic of Salé The Republic of Salé was a city state at Salé (modern Morocco), during the 17th century. Located at the mouth of the Bou Regreg river, it was founded by Moriscos from the town of Hornachos, in Western Spain. Moriscos were the descendants of ..., a 17th-century corsair city-state on the Moroccan coast *Şäle, also transliterated Shali, Republic of Tatarstan, a village in Russia * Sale (Tanzanian ward) * Sale Island, Canada People * Sale (Berkshire cricketer), an 18th-century English cricketer * Sale Ngahkwe (c. 875–934), a king of the Pagan dynasty of Burma * Sale (surname) Other uses * Sale, a grocery ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Surplus
In mainstream economics, economic surplus, also known as total welfare or total social welfare or Marshallian surplus (after Alfred Marshall), is either of two related quantities: * Consumer surplus, or consumers' surplus, is the monetary gain obtained by consumers because they are able to purchase a product for a price that is less than the highest price that they would be Willingness to pay, willing to pay. * Producer surplus, or producers' surplus, is the amount that producers benefit by selling at a Market value, market price that is higher than the least that they would be Willingness to accept, willing to sell for; this is roughly equal to profit (accounting), profit (since producers are not normally willing to sell at a loss and are normally indifferent to selling at a Break-even (economics), break-even price). Overview In the mid-19th century, engineer Jules Dupuit first propounded the concept of economic surplus, but it was the economist Alfred Marshall who gave the c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Everyday Low Price
Everyday low price (also abbreviated as EDLP) is a pricing strategy promising consumers a low price without the need to wait for sale price events or comparison shopping. EDLP saves retail stores the effort and expense needed to mark down prices in the store during sale events, and is also believed to generate shopper loyalty.Every day low pricing (EDLP) Definition , Allbusiness.com. Fetched 7 April 2010. It was noted in 1994 that the retail chain in the United States, which follows an EDLP strategy, would buy "feature advertisements" in newspapers on a monthly basis, while its competitors would advertise weekly. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EDLP 2
Paderborn Lippstadt Airport (German: ''Flughafen Paderborn Lippstadt'') is a minor international airport in the Ostwestfalen-Lippe area in the German state of North Rhine-Westphalia. While the name implies a location within the city of Paderborn or the town of Lippstadt, the airport is actually located near the town of Büren, around from Paderborn city centre. It mainly serves flights to European leisure destinations. History Paderborn Lippstadt Airport opened in 1971. The terminal offers several facilities for travelers: travel agencies, a restaurant, shops, car rental agencies and a visitors deck. The apron features five stands for mid-sized aircraft such as the Airbus A320 of which three are equipped with jet bridges. There are also several stands for smaller general aviation aircraft. A conference centre with several conference rooms can be found at the airport and a hotel was opened there in October 2006. An industrial park with several companies is located in the clos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sales Promotion 2015 0003
Sales are activities related to selling or the number of goods sold in a given targeted time period. The delivery of a service for a cost is also considered a sale. The seller, or the provider of the goods or services, completes a sale in response to an acquisition, appropriation, requisition, or a direct interaction with the ''buyer'' at the point of sale. There is a passing of title (property or ownership) of the item, and the settlement of a price, in which agreement is reached on a price for which transfer of ownership of the item will occur. The ''seller'', not the purchaser, typically executes the sale and it may be completed prior to the obligation of payment. In the case of indirect interaction, a person who sells goods or service on behalf of the owner is known as a salesman or saleswoman or salesperson, but this often refers to someone selling goods in a store/shop, in which case other terms are also common, including '' salesclerk'', ''shop assistant'', and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contingent Fee
A contingent fee (also known as a contingency fee in the United States or a conditional fee in England and Wales) is any fee for services provided where the fee is payable only if there is a favourable result. Although such a fee may be used in many fields, it is particularly well associated with legal practice. In the law, a contingent fee is defined as a fee charged for a lawyer's services that is payable only if a lawsuit is successful or results in a favorable settlement, usually in the form of a percentage of the amount recovered on behalf of the client. Contingent fees may make it easier for people of limited means to pursue their civil rights since otherwise, to sue someone for a tort, one must first be wealthy enough to pursue such litigation in the first place. Due to the risk of loss, attorneys will not take cases on a contingency basis unless they believe that the case has merit, although accepting cases on a contingency is not without risk. Contingent legal fees Unde ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Samsung SPP-2040
The Samsung Group (or simply Samsung) ( ko, 삼성 ) is a South Korean Multinational corporation, multinational manufacturing Conglomerate (company), conglomerate headquartered in Samsung Town, Seoul, South Korea. It comprises numerous affiliated businesses, most of them united under the ''Samsung'' brand, and is the largest South Korean (business conglomerate). Samsung has the eighth highest global brand valuation, brand value. Samsung was founded by Lee Byung-chul in 1938 as a trading company. Over the next three decades, the group diversified into areas including food processing, textiles, insurance, securities, and retail. Samsung entered the electronics industry in the late 1960s and the construction and shipbuilding industries in the mid-1970s; these areas would drive its subsequent growth. Following Lee's death in 1987, Samsung was separated into five business groups – Samsung Group, Shinsegae Group, CJ Group and Hansol Group, and JoongAng Ilbo, JoongAng Grou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Price Floor
A price floor is a government- or group-imposed price control or limit on how low a price can be charged for a product, good, commodity, or service. A price floor must be higher than the equilibrium price in order to be effective. The equilibrium price, commonly called the "market price", is the price where economic forces such as supply and demand are balanced and in the absence of external influences the (equilibrium) values of economic variables will not change, often described as the point at which quantity demanded and quantity supplied are equal (in a perfectly competitive market). Governments use price floors to keep certain prices from going too low. Two common price floors are minimum wage laws and supply management in Canadian agriculture. Other price floors include regulated US airfares prior to 1978 and minimum price per-drink laws for alcohol. While price floors are often imposed by governments, there are also price floors which are implemented by non-governmental orga ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ceiling Price
A price ceiling is a government- or group-imposed price control, or limit, on how high a price is charged for a product, commodity, or service. Governments use price ceilings ostensibly to protect consumers from conditions that could make commodities prohibitively expensive. Such conditions can occur during periods of high inflation, in the event of an investment bubble, or in the event of monopoly ownership of a product, all of which can cause problems if imposed for a long period without controlled rationing, leading to shortages. Further problems can occur if a government sets unrealistic price ceilings, causing business failures, stock crashes, or even economic crises. In unregulated market economies, price ceilings do not exist. While price ceilings are often imposed by governments, there are also price ceilings that are implemented by non-governmental organizations such as companies, such as the practice of resale price maintenance. With resale price maintenance, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reservation Price
In economics, a reservation (or reserve) price is a limit on the price of a good or a service. On the demand side, it is the highest price that a buyer is willing to pay; on the supply side, it is the lowest price a seller is willing to accept for a good or service. Reservation prices are commonly used in auctions, but the concept is extended beyond. A party's best alternative to a negotiated agreement (BATNA) is closely related to their reservation price. Once a party determines their BATNA, they can then calculate their reservation price. In negotiations surrounding the price of a particular good or service, the reservation price is a singular number. However, this is not the only situation in which reservation prices are seen. When multiple issues are being discussed, such as the size of salary and amount of benefits when applying for a new job position, the reservation price would be represented as a package where multiple requirements need to be met. Description In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Relationship-based Pricing
Relationship-Based Pricing (RBP), also known as Relationship based Pricing is a concept in the banking industry. RBP is a pricing and billing framework where pricing is determined based on a customer's overall purchases and circumstances, rather than being delivered on a product-by-product basis. RBP enables banks to use customer-centric parameters to determine pricing, such as the level of overall business the customer does with a bank or the types of services purchased. Financial services industry analysts like Celent and TowerGroup endorse relationship-based pricing to improve profitability. A regional US bank and subsidiary of BNP Paribas, Bank of the West, recently completed an RBP project. Lot of leading banks as well as insurance companies in USA and Europe have adopted relationship based pricing by implementation of billing engines available from various product vendors. Relationship based billing products: * ORMB from Oracle Corporation, * miRevenue from Zafin, * Xe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Value-based Pricing
Value-based price (also value optimized pricing and ''charging what the market will bear'') is a pricing strategy which sets prices primarily, but not exclusively, according to the perceived or estimated value of a product or service to the customer rather than according to the cost of the product or historical prices. Where it is successfully used, it will improve profitability through generating higher prices without impacting greatly on sales volumes. The approach is most successful when products are sold based on emotions (fashion), in niche markets, in shortages (e.g. drinks at open air festival on a hot summer day) or for complementary products (e.g. printer cartridges, headsets for cell phones). Goods which are very intensely traded (e.g. oil and other commodities) are often sold using cost-plus pricing. Goods which are sold to highly sophisticated customers in large markets (e.g. automotive industry) have also in the past been sold using cost-plus pricing, but thanks to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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