Students should be able to:
Understand the meaning and types of barriers to entry and exit and how they affect the behaviour of firms.
Discuss the significance of barriers to entry and exit to firms operating in different market structures.
Students should be able to:
Understand the meaning and types of barriers to entry and exit and how they affect the behaviour of firms.
Discuss the significance of barriers to entry and exit to firms operating in different market structures.
Students should be able to:
Understand the characteristics of this market structure with particular reference to the interdependence of firms
Explain the behaviour of firms in this market structure
Explain reasons for collusive and non-collusive behaviour
Evaluate the reasons why firms may wish to pursue both overt and tacit collusion
Porter’s five force analysis is a framework that attempts to analyze the level of competition within an industry and business startegy development by michael E. Porter 1980 it determines the competive. It also determines the ultimate profit potential of the industry
Supported Multiple Choice Questions for Unit 3 Economicstutor2u
Maximum mark is 2/4 if the incorrect answer is given
Knock-outs / rejection explanations:
Incorrect options can be knocked out, if relevant economic reasoning is given, for 1 mark each time.
Up to two knock out marks can be awarded for each supported choice question
There must be some valid economics rationale to the answer in order to earn a mark (this is vital)
Good practice
Define key terms in the question / or in the correct answer stem
Application to the specific context is always encouraged
Draw supporting analysis diagrams (fully labelled)
Annotate clearly and fully any diagrams that are provided
Complete tables of data where necessary
Write in proper sentences but bullet them for emphasis
Practice papers to increase the speed and accuracy of your answers. Work systematically through the specification.
EdExcel Economics Unit 3 Micro - 16 Mark Data Questiontutor2u
This presentation looks at a sample unit 3 question
KAA 8 marks
Evaluation 8 marks
3 KAA points – define, apply, explain (use diagram)
3 Evaluation points – apply, explain to support
Question normally says ”assess” – but it will always require you to use evaluation + a suitable analysis diagram
Some questions will require specific use of game theory as part of the answer
Students should be able to:
Understand the characteristics of this market structure with particular reference to the interdependence of firms
Explain the behaviour of firms in this market structure
Explain reasons for collusive and non-collusive behaviour
Evaluate the reasons why firms may wish to pursue both overt and tacit collusion
Porter’s five force analysis is a framework that attempts to analyze the level of competition within an industry and business startegy development by michael E. Porter 1980 it determines the competive. It also determines the ultimate profit potential of the industry
Supported Multiple Choice Questions for Unit 3 Economicstutor2u
Maximum mark is 2/4 if the incorrect answer is given
Knock-outs / rejection explanations:
Incorrect options can be knocked out, if relevant economic reasoning is given, for 1 mark each time.
Up to two knock out marks can be awarded for each supported choice question
There must be some valid economics rationale to the answer in order to earn a mark (this is vital)
Good practice
Define key terms in the question / or in the correct answer stem
Application to the specific context is always encouraged
Draw supporting analysis diagrams (fully labelled)
Annotate clearly and fully any diagrams that are provided
Complete tables of data where necessary
Write in proper sentences but bullet them for emphasis
Practice papers to increase the speed and accuracy of your answers. Work systematically through the specification.
EdExcel Economics Unit 3 Micro - 16 Mark Data Questiontutor2u
This presentation looks at a sample unit 3 question
KAA 8 marks
Evaluation 8 marks
3 KAA points – define, apply, explain (use diagram)
3 Evaluation points – apply, explain to support
Question normally says ”assess” – but it will always require you to use evaluation + a suitable analysis diagram
Some questions will require specific use of game theory as part of the answer
understanding and capturing customer value | What Is a Price?Gaditek
Discuss the importance of understanding customer value perceptions and company costs when setting prices.
Identify and define the other important internal and external factors affecting a firm’s pricing decisions.
Describe the major strategies for pricing imitative and new products.
Explain how companies find a set of prices that maximizes the profits from the total product mix.
Discuss how companies adjust their prices to take into account different types of customers and situations.
Discuss key issues related to initiating and responding to price changes.
Seventh seminar for my Managing Marketing Processes course in the MGM program at the Stockholm School of Economics, http://www.hhs.se/EDUCATION/MSC/MSCGM/Pages/default.aspx
Too many businesses set their pricing without putting much thought into it. This is a mistake causing them to leave money on the table from the beginning. The good news is that taking the time to get your product pricing right can act as a powerful growth lever. If you optimize your pricing strategy so that more people are paying a higher amount, you'll end up with significantly more revenue than a business who treats pricing more passively. This sounds obvious, but it's rare for businesses to put much effort into finding the best pricing strategy.
This guide will cover everything you need to know about setting a pricing strategy that works for your business.
Definition of pricing
Pricing is defined as the amount of money that you charge for your products, but understanding it requires much more than that simple definition. Baked into your pricing are indicators to your potential customers about how much you value your brand, product, and customers. It's one of the first things that can push a customer towards, or away from, buying your product. As such, it should be calculated with certainty.
What are pricing strategies?
Pricing strategies refer to the processes and methodologies businesses use to set prices for their products and services. If pricing is how much you charge for your products, then product pricing strategy is how you determine what that amount should be. There are different pricing strategies to choose from but some of the more common ones include:
Value-based pricing
Competitive pricing
Price skimming
Cost-plus pricing
Penetration pricing
Economy pricing
Dynamic pricing
Pricing is an underutilized growth lever
Many companies focus on acquisition to grow their business, but studies have shown that small variations in pricing can raise or lower revenue by 20-50%. Despite that, even among Fortune 500 companies, fewer than 5% have functions dedicated to setting the best price possible. There's a missed opportunity in the business world to see immediate growth for relatively little effort.
Because most businesses spend less than 10 hours per year thinking about pricing, there's a lot of untapped growth potential in optimizing what you charge. In fact, choosing the best pricing method is a more powerful growth lever than customer acquisition. In some cases, it can be up to 7.5 times more powerful than acquisition.
The importance of nailing your pricing strategy
Having an effective pricing strategy helps solidify your position by building trust with your customers, as well as meeting your business goals. Let's compare and contrast the messaging that a strong pricing strategy sends in relation to a weaker one.
A winning pricing strategy:
Portrays value
The word cheap has two meanings. It can mean a lower price, but it can also mean poorly made. There's a reason people associate cheaply priced products with cheaply made ones. Built into the higher price of a product is the assumption that it's of higher value.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
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Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
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➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
In the Adani-Hindenburg case, what is SEBI investigating.pptxAdani case
Adani SEBI investigation revealed that the latter had sought information from five foreign jurisdictions concerning the holdings of the firm’s foreign portfolio investors (FPIs) in relation to the alleged violations of the MPS Regulations. Nevertheless, the economic interest of the twelve FPIs based in tax haven jurisdictions still needs to be determined. The Adani Group firms classed these FPIs as public shareholders. According to Hindenburg, FPIs were used to get around regulatory standards.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
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3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Training my puppy and implementation in this story
Ch17 retailer pricingoptions
1. 17-1Retail Mgt. 11e (c) 2010 Pearson Education, Inc. publishing as Prentice Hall
Pricing Options for Retailers
Discount orientation
At-the-market orientation
Upscale orientation
2. 17-2Retail Mgt. 11e (c) 2010 Pearson Education, Inc. publishing as Prentice Hall
Price Elasticity of Demand
The sensitivity of customers to price changes
in terms of the quantities they will buy:
Elastic – Small percentage changes in
price lead to substantial percentage
changes in the number of units bought.
Inelastic – Large percentage changes in
price lead to small percentage changes in
the number of units bought.
3. 17-3Retail Mgt. 11e (c) 2010 Pearson Education, Inc. publishing as Prentice Hall
Competition and Retail Pricing
Market pricing – Retailers often price
similarly to each other and have less
control over price because consumers
can easily shop around.
Administered pricing – Firms seek to
attract consumers on the basis of
distinctive retailing mixes.
4. 17-4Retail Mgt. 11e (c) 2010 Pearson Education, Inc. publishing as Prentice Hall
Framework for Developing a Retail Price Strategy
5. 17-5Retail Mgt. 11e (c) 2010 Pearson Education, Inc. publishing as Prentice Hall
Specific
Pricing
Objectives
6. 17-6Retail Mgt. 11e (c) 2010 Pearson Education, Inc. publishing as Prentice Hall
Price Policy Choices
No competitors will have lower prices; no
competitors will have higher prices; or prices will
be consistent with competitors.
All items will be priced independently or the prices
for all items will be interrelated to maintain image
and ensure proper markups.
Price leadership will be exerted; competitors will be
price leaders and set prices first; or prices will be
set independent of competitors.
Prices will be constant over a year or season; or
prices will change if costs change.
7. 17-7Retail Mgt. 11e (c) 2010 Pearson Education, Inc. publishing as Prentice Hall
How to
Determine
Direct
Product
Profitability
8. 17-8Retail Mgt. 11e (c) 2010 Pearson Education, Inc. publishing as Prentice Hall
Integration of Approaches to Price Strategy
If prices are reduced, will revenues increase greatly?
(Demand orientation)
Should different prices be charged for a product
based on negotiations with customers, seasonality,
and so on? (Demand orientation)
Will a given price level allow a traditional markup to
be attained? (Cost orientation)
What price level is necessary for a product requiring
special costs? (Cost orientation)
What price levels are competitors setting?
(Competitive orientation)
Can above-market prices be set due to a superior
image? (Competitive orientation)
9. 17-9Retail Mgt. 11e (c) 2010 Pearson Education, Inc. publishing as Prentice Hall
Specific Pricing Decisions
11. 17-11Retail Mgt. 11e (c) 2010 Pearson Education, Inc. publishing as Prentice Hall
Reasons to Use Multiple-Unit Pricing
A firm could seek to have shoppers increase
their total purchases of an item.
This approach can help sell slow-moving and
end-of-season merchandise.
Price bundling may increase sales of related
items.