Strategic Management of Accounts

I.The models and concepts attaining the pricing decisions taken by organizations, critic onlyy reflecting upon their usefulness. To delay to deal gain ground and to increase in foodstuff heap Manac plc must generate revenue to cover cost. Therefore we must take a closer view on tell apart pricing methods and concepts to de marginine what is best for Manac plc. Refer to Appendix 1 These factors argon: 1. equipment casualty setter and Price taker 2.Price elasticity of pray (PED) 3.Product Life Cycle (PLC) 4.Tar annoy pricing 1.Price taker and Price setter upstart research on www.investopedia.com, states that the definition of expense takers is, an investor whos purchasing or selling transactions are delusive to withdraw no effect on the market. A blind intoxicated that can alter its rate of production and sales without significantly affecting the market hurt of its product. Refer to Appendix 2. In a competitive market, any individual firm lead be a price taker. This means that the firm cannot persuade the product price but instead has to decide how some(prenominal) to wee-wee and sell at the given market price of goods (Taylor et al, 2009). Manac entrust experience a change in profit when the market price is high. http://www.investorwords.com states, a price producer is an individual or company which is influential enough to affect the price of an item. mortal who holds a large majority of a stock would likely affect the price of the stock if they bought or sold it. The term is most often applied to companies, specifically those who have a monopoly in their market, and are therefore up to(p) to choose and need a specific price for their goods. Characteristics of price taker: A absolutely competitive market is characterized by numerous buyers and sellers and equivalent (homogeneous) product, an favorable market exit and entry. Consumers believe that all firms in dead competitive markets sell virt ually identical products In marke! ts with so many buyers and so many sellers, neither buyers nor...If you want to get a full essay, order it on our website: OrderEssay.net

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