Online Pricing Strategy Assignment Help
Price is one of the four main components of a marketing mix (the other elements are product features, channel decisions, and promotion). Pricing is, therefore, an important strategic component, as it is crucial to product placement and has an effect on the other components of a marketing mix. The pricing strategy chosen by a firm will vary depending upon the purpose. While the basic motive is to maximize profits, prices can also be set strategically to by an incumbent firm to defend itself from potential impacts of an entry by a new firm, it can be set such that it captures a larger market share than the current market share, and it can set to capture as large a chunk of the market as possible when a firm is entering a new market. Alternatively, the firm must decide whether the prices maximize profits at the unit level or at the aggregate level.
An optimal pricing strategy will be set while keeping in mind all of these factors. The prices of a good have the largest impact on the customer’s decision to buy the said good, it is also an indicator of the quality of a good or helps establish the reputation of the firm. In addition, the increase in access to the internet has made price comparison significantly easier for the consumer. This increases the importance of setting prices strategically after obtaining complete information about the competitor’s good and its price.
A course in pricing strategy aims at developing an understanding of the different types of pricing strategies, assessing their appropriateness in a particular situation, and the techniques and concepts required to find the optimal pricing strategy so that the firm producing the good can maximize its profits from the sale of the good. Many students seek online assignment help to understand dynamics of pricing, which provides an understanding of the actions taken by competitors and required reactions to be taken by the firm.
Pricing strategy assignments can be hard to tackle as you require a thorough analysis of the problem in addition to the mammoth task of understanding the different price setting mechanisms, especially in a restricted amount of time. Our experts have many years of experience in providing online assistance to students dealing with such problems. With their vast knowledge on the subject, they can come up with assignment solutions much faster. This is the reason we are able to provide instant and affordable writing services for solutions and help out student with their homework.
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- Amit Nagpal Masters in ManagementMarketing
- Jose Francis MBA/PGDMHuman Resource
- Parul Jain DiplomaOperations / Supply Chain
- Vineet Kumar Sharma MBA/PGDMOperations Management
- Trinabrata Das Master of Business AdministrationBusiness Law and Ethics
- Vidhya Bhushan Ph.D/DoctorateStrategic Management
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