This document discusses various pricing theories and methods. It begins by defining price and exploring the relationship between supply and demand under perfect competition. It then examines pricing under different market structures - monopoly, oligopoly and monopolistic competition. It describes key characteristics of each market type. Finally, it outlines several common pricing methods used by firms, including cost-plus pricing, marginal cost pricing, target return pricing, and pricing strategies for new products like price skimming and penetration pricing.
A POWERPOINT PRESENTATION ON PRICING IN DIFFERENT MARKETS
PERFECT COMPETITION
MONOPOLISTIC COMPETITION
MONOPOLY
OLIGOPOLY
PRICING POLICIES AND PRICING OF A NEW PRODUCT
MARKET STRUCTURES AND PRICING
Concept of market structures
Perfect competition market and price determination
Monopoly and abnormal profits
Monopolistic Competition
Price Discrimination
Oligopoly-Features of oligopoly
Syndicating in oligopoly
Kinked demand curve
Price leadership and market positioning
Conditions for Company Equilibrium
To achieve Equilibrium, a Company must meet two conditions:
You need to make sure that the marginal revenue is equal to the marginal cost (MR = MC).
If MR> MC, the Company has an incentive to expand production and sell additional units.
If MR<MC, the Company needs to reduce production because additional units generate more costs than revenue.
Only when MR = MC does the Company achieve maximum profit.
This document provide knowledge of various types of pricing policies and strategies which can be used under different market structure and product structure
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
2. INTRODUCTION
The theory of price is an economic theory that
contends that the price for any specific
good/service is based on the relationship
between the forces of supply and demand .
The theory of price says that the point at
which the benefit gained from those who
demand the entity meets the seller's marginal
costs is the most optimal market price for the
good/service.
3. PRICE (P)
Price (P) is the money or other
considerations (including other goods and
services) exchanged for the ownership or
use of a good or service.
4. PRICING UNDER PERFECT COMPETITION
A perfectly competitive market must meet the
following requirements:
– The number of firms is large.
– There are no barriers to entry.
– The firms' products are identical.
– There is complete information.
– Firms are profit maximizers.
5. …PERFECT COMPETITION
The number of firms is large.
– Large means that what one firm does has
no bearing on what other firms do.
– Any one firm's output is minuscule when
compared with the total market.
6. …PERFECT COMPETITION
There are no barriers to entry.
– Barriers to entry are social, political, or
economic impediments that prevent other
firms from entering the market.
– Barriers sometimes take the form of patents
granted to produce a certain good.
– Technology may prevent some firms from
entering the market.
– Social forces such as bankers only lending to
certain people may create barriers.
7. …PERFECT COMPETITION
The firms' products are identical.
This requirement means that each firm's output
is indistinguishable from any competitor's product.
The condition ensures that the same price rules in
the market for the same commodity.
8. …PERFECT COMPETITION
There is complete information.
– Firms and consumers know all there is to
know about the market – prices, products,
and available technology.
– Any technological advancement would be
instantly known to all in the market.
9. …PERFECT COMPETITION
Firms are profit maximizers.
– The goal of all firms in a perfectly competitive
market is profit and only profit.
– Firm owners receive only profit as
compensation, not salaries.
11. MONOPOLY
Monopoly is that situation of market in which
there is a single seller of a product, for example,
there is only one firm dealing in the sale of cooking
gas in a particular town.
Hence, monopoly is a market situation in which there
is only one producer of a commodity with no close
substitutes.
12. …MONOPOLY
Features
1. One seller & large number of buyers:
Under monopoly there should be single producer of
the commodity. The buyers of the product are in
large number. Consequently, no buyer can
influence the price but the seller can.
2. Restrictions on the entry of new firms: There
are some restrictions on the entry of new firms into
monopoly industry. There is no competitor of a
monopoly firm.
13. …MONOPOLY
3. No close substitutes: The commodity produced by the firm
should have no close substitute, otherwise the
monopolist will not be able to determine the price of his
commodity as per his discretion. The cross elasticity of
demand is zero.
4. Price maker: Price of the commodity is fully under the
control of the monopolist. In case, the monopolist
increases the supply of the commodity, the price of it will
fall. If he reduces the supply, the price of it will rise. A
monopolist may also indulge in price discrimination. In
other words, he may charge different prices of the same
product from different buyers.
15. MONOPOLISTIC COMPETITION
An economic view of the wide world between
Perfect Competition and Pure Monopoly.
The study of which will help us answer one of life’s
great mysteries, e.g.,
Why in the world do we have so many:
Fast food places
Coffee shops
Clothing retailers … ?
17. …MONOPOLISTIC COMPETITION
Which of the characteristics of Monopolistic
Competition match those of Perfect Competition?
Numerous participants
Freedom of entry and exit
Imperfect knowledge
Heterogeneous (or differentiated) products
Perfect Competition assumes all products from different
firms are identical
Under Monopolistic Competition each seller’s product is
perceived by the buyer as somewhat different from the
products of other sellers
18. …MONOPOLISTIC COMPETITION
How are Products Differentiated?
Fast Food
Location
Product “quality”
Brand image
Coffee Shops
Location/convenience
Product taste/quality
Store atmosphere
19. OLIGOPOLY
few firms
either homogeneous or differentiated products
interdependence of firms - policies of one firm
affect the other firms
substantial barriers to entry
Price rigidity
examples: auto industry and cigarette industry
20. …OLIGOPOLY
Collusion and Competition
Oligopoly firms may collude (act as a
monopoly) and earn positive profits.
OR
Oligopolists may compete with each other
and drive prices down to where profits are
zero.
21. …OLIGOPOLY
Some oligopolistic markets operate in a
situation of price leadership.
A single firm sets industry price and the
remaining firms charge the same price as
the leader.
22. …OLIGOPOLY
Sweezy’s kinked demand curve model of
oligopoly
Assumptions:
1. If a firm raises prices, other firms won’t follow
and the firm loses a lot of business.
So demand is very responsive or elastic to price
increases.
2. If a firm lowers prices, other firms follow and
the firm doesn’t gain much business.
So demand is fairly unresponsive or inelastic to
price decreases.
24. PRICING POLICY AND PRACTICES
Objectives of pricing policy
Maximization of profit
A target return on investment
To regulate market share
To achieve price stability
To face competition
Profit stabilization
Survival and growth
Prevention of enter of new firms
To avoid price war
To retain prestige and good will
25. …PRICING METHODS
Cost Plus Pricing
This is a very common method of determining
the selling price of products.
The selling price is found out by adding a
certain percentage mark-up to the average
variable cost.
The mark-up or contribution margin contributes
towards fixed cost and profit.
Price= AVC + CM
26. …PRICING METHODS
…Cost Plus Pricing
This method ignores the influence of
demand on price. There is essentially no
relationship between cost and what
people will be ready to pay for a product.
It helps fixing a fair price.
Here cost is considered as the main
factor influencing price.
27. …PRICING METHODS
Marginal cost pricing
Here fixed costs are ignored and prices are
fixed on the basis of marginal cost.
Only those costs that are directly
attributable to product are taken.
As marginal cost does not take account of
full cost it is only a short-run phenomenon.
28. …PRICING METHODS
…Marginal cost pricing
This method is usually adopted when the
product is introduced in anew market.
Marginal cost concept helps to ascertain
the changes in cost due to a pricing
decision.
Identification of marginal cost helps to
increase marginal physical productivity
and thereby reducing cost.
30. …PRICING METHODS
Going-rate pricing
The Going-Rate Pricing is a method adopted by the
firms wherein the product is priced as per the rates
prevailing in the market especially on par with the
competitors.
It is helpful where cost ascertainment is difficult.
This pricing technique may be resorted to in the situation
of price leadership, this helps to avoid price wars.
Different Motor bike companies followed the price of
Bajaj and brought out bike variants accordingly. They
control their cost of production.
31. …PRICING METHODS
Product-line pricing
A product-line is a group of products produced
by a firm that are related either as substitutes and
complements.
The products may be physically distinct or may
be physically the same but sold under different
demand conditions which give the seller a chance
to charge different prices.
The relative pricing of a company’s products are
based on the competitive situations and demand
elasticities of each product.
32. …PRICING METHODS
Pricing of a new product
It is not at all easy as it has neither an established
market nor an established demand.
It has to consider the elasticity of demand of its
product when it fixes a price.
The cost of marketing is unknown.
The firm producing the new product is yet to
consider the market size , buyers reactions and
prospective competitors move in fixing the price
of the product.
It may resort to skimming price or penetration
price.
33. …PRICING METHODS
Price skimming
When a new product is introduced in the market, the
firm fixes a price much higher than the cost of
production in absence of the competitors.
The consumers are ready to pay a high price to enjoy
the pleasure of being the first users of the product.
After a certain time, it will gain a huge profit as well
as new competitors too, so after squeezing the
enthusiastic buyers, goes on reducing the price step-
by-step so that it can reach the various sections of
consumers who are willing to buy it at lower prices.
34. …PRICING METHODS
Penetration pricing
The price fixed is relatively a low one.
This pricing is adopted when the new product
faces a strong competition from the existing
substitute products.
The new firm has to penetrate the market and
achieve an acceptance for its product, so it will
charge only a very low price initially, hoping to
charge a normal price later when it is established
in the market.
The penetration price sometimes below the cost
of production.
35. CONCLUSION
A market is a set of conditions under which
sellers and buyers sell and buy a
commodity. The
price of any commodity depends upon the
demand for and the supply of the
commodity.
Pricing policy and theories vary from firm
to firm
depending upon the goals of firm and