Tag «price elasticity»

Monetary versus Non-monetary Pricing Objectives

Monetary versus Non-monetary Pricing Objectives

Monetary versus Non-monetary Pricing Objectives It is important that researchers understand the role that pricing objectives play in serving the attainment of business goals and objectives, as well as marketing goals and objectives. Reasons of Formulating A Pricing Strategy As illustrated in Figure, a pricing strategy is formulated with reference to several considerations: Costs to …