Marketing

Name of the institutionHow does organization disceptation affects its pricing strategiesStudent s nameLecturer s name7th May 2009Organizations competition and pricing strategyPrice is an essential and effective commercialiseing tool an organization has to adopt in to promote its product and or serve up . Price portrays a picture of the organization , affects demand , and acts as a tool for targeting food market segmentation and competition (Marisa , 2009In a competitive organization the price of a particular answer and a commodity is attained mainly through interacting market supply and demand . When market demand for a commodity and work shoots up , the resulting demand shifts right causing prices to development hence bringing the market back to equilibrium . but when the supply rises , the supply curve shifts right causing prices to oarlock .

In an organized competion this creates a notion that price should be based on the quality and value of the product and the dish to the buyerIn an organized competition a service or a product may have more than one remnant , which may change over a period of clip depending on the product life cycle . For instance , the engage of a new commodity could be building a market share or offer service . term the commodity matures the aim may change to utilize the service or product to attract new members , hence conduct to the increase in price of that product (Berkowitz , 2006ConclusionNew products in the market tend to have initial prices high to a client...If you indispensableness to get a full essay, order it on our website: Ordercustompaper.com

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