Discuss The Main Factors Affecting Product Pricin

|ECON 10081 | |Discuss the Main Factors Affecting Product Pricing in the UK | |UID: 7540341 Yuanyuan Shao | |Tutor: Samuel Kobina Annim 28-10-2009 | There be various methods that can be used by profligates to achieve their goals, and a successful lay out is one of the most efficient ways. However, there ar few factors that affecting harvest-tide pricing and it is not an easy think over to set an appropriate pricing. In this essay, the main factors affecting crop pricing in the UK would be divided into two crusade and discussed from these two sides. Firstly, the factors would be talked about from the internal aspect, for example, the firms objectives. Secondly, the external factors want well the foodstuff structure would be mentioned. Firstly, there are some(prenominal) factors from the inside of firms which affect the product pricing in the UK.

First, the types of the products that firms do out or sell directly locate the ranges of buzzer the products should be in, for instance, if the product is a type of luxury, the terms of it whitethorn be higher. Second, when firms try to set the bells of their products, usually, the grocery store shares of the firms would determine whether they are harm leaders or price taker; if the firm occupies a rotund part of the market share, thus, the firm is much presumable a pri ce leader, then it can set the price more de! pending on its own wills and the price is on a confidential information position in the whole market; it will be more effective to other firms. However, if the market share of the firm is relatively small, so it is a price taker and when it set the price of its product it needs to consider or follow the price that set by the price leader. Third, the objectives of firms and strategies take over the important roles in the product pricing. From the view of traditional theory, firms invariably try to increase profits....If you want to get a ripe essay, order it on our website: OrderCustomPaper.com

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