Pricing Of Products & Services

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Author :
Publisher : World Scientific
ISBN 13 : 9811204195
Total Pages : 377 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis Pricing Of Products & Services by : Tridib Mazumbar

Download or read book Pricing Of Products & Services written by Tridib Mazumbar and published by World Scientific. This book was released on 2020-12-15 with total page 377 pages. Available in PDF, EPUB and Kindle. Book excerpt: The price of a product or a service is a critical element of the marketing mix. Price influences product demand, and the firm's revenue and profits. Prices also signal product quality and value, customer self-image, and the seller's pricing practices. With appropriate balance of theory, applications, and analytics, this book provides business students and practitioners the tools to make profitable pricing decisions under a variety of real-life contexts — current and emerging.Theoretical foundations for pricing decisions come from microeconomics, psychology, and behavioral decision theories. Well-established economic principles, with available data and analytics, help firms customize prices based on customers' willingness to pay, quantity purchased, timing and urgency of purchase, and by bundling their products and services. Pricing and promotional strategies of firms are further informed by the consideration of consumer psychology as well as the decision rules that consumers employ in framing of and responding to prices.As a practical step-by-step guide for firms, the book presents a comprehensive framework for pricing decisions. The framework illustrates how firms' pricing decisions are shaped by customer valuation of the product or service, firm cost, and competition within the category. Additional considerations include: channel arrangements, legal and regulatory limits, public sentiments, and the overriding strategy for the firm. Short cases and numerical examples help illustrate how these factors can be incorporated in firm making decisions.In addition to offering the theoretical foundation and practical guidelines for pricing, there are several distinctive features of the book.Pedagogically, the book takes a quantitative approach to pricing decisions and places a special emphasis on the utilization of data and analytics. Nevertheless, sound intuition and judgments remain a prerequisite.

The Retail Prices Index

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Author :
Publisher : Springer Nature
ISBN 13 : 3030465632
Total Pages : 147 pages
Book Rating : 4.0/5 (34 download)

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Book Synopsis The Retail Prices Index by : Jeff Ralph

Download or read book The Retail Prices Index written by Jeff Ralph and published by Springer Nature. This book was released on 2020-06-30 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Palgrave Pivot reviews the history of the UK's Retail Prices Index (RPI) from its origins just after the Second World War to its controversial position today. Both the developments in the methodology of the index and the political and social context in which its development took place are closely examined. The authors explain how the RPI went from being the dominant measure of inflation for decades to its current position as an officially discredited index. Despite this status, it is still widely used and attracts much support from a range of stakeholders, including several areas of government. Important reading for anyone interested in both sides of the argument for and against RPI and the likely way forward for the measurement of inflation.

The Economics of New Goods

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Author :
Publisher : University of Chicago Press
ISBN 13 : 0226074188
Total Pages : 508 pages
Book Rating : 4.2/5 (26 download)

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Book Synopsis The Economics of New Goods by : Timothy F. Bresnahan

Download or read book The Economics of New Goods written by Timothy F. Bresnahan and published by University of Chicago Press. This book was released on 2008-04-15 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt: New goods are at the heart of economic progress. The eleven essays in this volume include historical treatments of new goods and their diffusion; practical exercises in measurement addressed to recent and ongoing innovations; and real-world methods of devising quantitative adjustments for quality change. The lead article in Part I contains a striking analysis of the history of light over two millenia. Other essays in Part I develop new price indexes for automobiles back to 1906; trace the role of the air conditioner in the development of the American south; and treat the germ theory of disease as an economic innovation. In Part II essays measure the economic impact of more recent innovations, including anti-ulcer drugs, new breakfast cereals, and computers. Part III explores methods and defects in the treatment of quality change in the official price data of the United States, Canada, and Japan. This pathbreaking volume will interest anyone who studies economic growth, productivity, and the American standard of living.

Exploring Health and Environmental Costs of Food

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Author :
Publisher : National Academies Press
ISBN 13 : 0309265835
Total Pages : 117 pages
Book Rating : 4.3/5 (92 download)

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Book Synopsis Exploring Health and Environmental Costs of Food by : National Research Council

Download or read book Exploring Health and Environmental Costs of Food written by National Research Council and published by National Academies Press. This book was released on 2012-12-28 with total page 117 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. food system provides many benefits, not the least of which is a safe, nutritious and consistent food supply. However, the same system also creates significant environmental, public health, and other costs that generally are not recognized and not accounted for in the retail price of food. These include greenhouse gas (GHG) emissions, soil erosion, air pollution, and their environmental consequences, the transfer of antibiotic resistance from food animals to human, and other human health outcomes, including foodborne illnesses and chronic disease. Some external costs which are also known as externalities are accounted for in ways that do not involve increasing the price of food. But many are not. They are borne involuntarily by society at large. A better understanding of external costs would help decision makers at all stages of the life cycle to expand the benefits of the U.S. food system even further. The Institute of Medicine (IOM) and the National Research Council (NRC) with support from the U.S. Centers for Disease Control and Prevention (CDC) convened a public workshop on April 23-23, 2012, to explore the external costs of food, methodologies for quantifying those costs, and the limitations of the methodologies. The workshop was intended to be an information-gathering activity only. Given the complexity of the issues and the broad areas of expertise involved, workshop presentations and discussions represent only a small portion of the current knowledge and are by no means comprehensive. The focus was on the environmental and health impacts of food, using externalities as a basis for discussion and animal products as a case study. The intention was not to quantify costs or benefits, but rather to lay the groundwork for doing so. A major goal of the workshop was to identify information sources and methodologies required to recognize and estimate the costs and benefits of environmental and public health consequences associated with the U.S. food system. It was anticipated that the workshop would provide the basis for a follow-up consensus study of the subject and that a central task of the consensus study will be to develop a framework for a full-scale accounting of the environmental and public health effects for all food products of the U.S. food system. Exploring Health and Environmental Costs of Food: Workshop Summary provides the basis for a follow-up planning discussion involving members of the IOM Food and Nutrition Board and the NRC Board on Agriculture and Natural Resources and others to develop the scope and areas of expertise needed for a larger-scale, consensus study of the subject.

Retail Prices

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Author :
Publisher :
ISBN 13 :
Total Pages : 542 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Retail Prices by :

Download or read book Retail Prices written by and published by . This book was released on 1935 with total page 542 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Consumer Price Index Manual

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Author :
Publisher : International Labour Organization
ISBN 13 : 9789221136996
Total Pages : 578 pages
Book Rating : 4.1/5 (369 download)

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Book Synopsis Consumer Price Index Manual by : International Labour Office

Download or read book Consumer Price Index Manual written by International Labour Office and published by International Labour Organization. This book was released on 2004-08-25 with total page 578 pages. Available in PDF, EPUB and Kindle. Book excerpt: The consumer price index (CPI) measures the rate at which prices of consumer goods and services change over time. It is used as a key indicator of economic performance, as well as in the setting of monetary and socio-economic policy such as indexation of wages and social security benefits, purchasing power parities and inflation measures. This manual contains methodological guidelines for statistical offices and other agencies responsible for constructing and calculating CPIs, and also examines underlying economic and statistical concepts involved. Topics covered include: expenditure weights, sampling, price collection, quality adjustment, sampling, price indices calculations, errors and bias, organisation and management, dissemination, index number theory, durables and user costs.

The Distributional Implications of the Impact of Fuel Price Increases on Inflation

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1616356154
Total Pages : 34 pages
Book Rating : 4.6/5 (163 download)

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Book Synopsis The Distributional Implications of the Impact of Fuel Price Increases on Inflation by : Mr. Kangni R Kpodar

Download or read book The Distributional Implications of the Impact of Fuel Price Increases on Inflation written by Mr. Kangni R Kpodar and published by International Monetary Fund. This book was released on 2021-11-12 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.

Monthly Labor Review

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Author :
Publisher :
ISBN 13 :
Total Pages : 132 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Monthly Labor Review by :

Download or read book Monthly Labor Review written by and published by . This book was released on 1957 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publishes in-depth articles on labor subjects, current labor statistics, information about current labor contracts, and book reviews.

Handbook of Labor Statistics

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Publisher :
ISBN 13 :
Total Pages : 360 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Handbook of Labor Statistics by : United States. Bureau of Labor Statistics

Download or read book Handbook of Labor Statistics written by United States. Bureau of Labor Statistics and published by . This book was released on 1950 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Price Index Concepts and Measurement

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Publisher : University of Chicago Press
ISBN 13 : 0226148572
Total Pages : 531 pages
Book Rating : 4.2/5 (261 download)

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Book Synopsis Price Index Concepts and Measurement by : W. Erwin Diewert

Download or read book Price Index Concepts and Measurement written by W. Erwin Diewert and published by University of Chicago Press. This book was released on 2010-02-15 with total page 531 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although inflation is much feared for its negative effects on the economy, how to measure it is a matter of considerable debate that has important implications for interest rates, monetary supply, and investment and spending decisions. Underlying many of these issues is the concept of the Cost-of-Living Index (COLI) and its controversial role as the methodological foundation for the Consumer Price Index (CPI). Price Index Concepts and Measurements brings together leading experts to address the many questions involved in conceptualizing and measuring inflation. They evaluate the accuracy of COLI, a Cost-of-Goods Index, and a variety of other methodological frameworks as the bases for consumer price construction.

Pricing Your Products and Services Profitably

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Author :
Publisher :
ISBN 13 :
Total Pages : 10 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Pricing Your Products and Services Profitably by : Judy Nye

Download or read book Pricing Your Products and Services Profitably written by Judy Nye and published by . This book was released on 1989 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Bulletin of the United States Bureau of Labor Statistics

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Author :
Publisher :
ISBN 13 :
Total Pages : 796 pages
Book Rating : 4.:/5 (334 download)

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Book Synopsis Bulletin of the United States Bureau of Labor Statistics by :

Download or read book Bulletin of the United States Bureau of Labor Statistics written by and published by . This book was released on 1913 with total page 796 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Consumers' Price Index and Retail Prices of Food

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Author :
Publisher :
ISBN 13 :
Total Pages : 944 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Consumers' Price Index and Retail Prices of Food by :

Download or read book Consumers' Price Index and Retail Prices of Food written by and published by . This book was released on 1946 with total page 944 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Average Retail Prices, 1955

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Author :
Publisher :
ISBN 13 :
Total Pages : 432 pages
Book Rating : 4.3/5 (121 download)

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Book Synopsis Average Retail Prices, 1955 by : United States. Bureau of Labor Statistics

Download or read book Average Retail Prices, 1955 written by United States. Bureau of Labor Statistics and published by . This book was released on 1956 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt:

What Are Goods and Services?

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Publisher : Crabtree Publishing Company
ISBN 13 : 9780778742555
Total Pages : 36 pages
Book Rating : 4.7/5 (425 download)

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Book Synopsis What Are Goods and Services? by : Carolyn Andrews

Download or read book What Are Goods and Services? written by Carolyn Andrews and published by Crabtree Publishing Company. This book was released on 2008-08-15 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This colorful book will help young readers understand the concepts of goods and services so that they recognize their role in the cycle commerce. The concepts of producers and consumers are also carefully explained in a manner children will understand and enjoy.

Food Costs: Retail Prices, Farm Prices, Marketing Spreads

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Author :
Publisher :
ISBN 13 :
Total Pages : 16 pages
Book Rating : 4.X/5 (3 download)

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Book Synopsis Food Costs: Retail Prices, Farm Prices, Marketing Spreads by : United States. Department of Agriculture. Economic Research Service

Download or read book Food Costs: Retail Prices, Farm Prices, Marketing Spreads written by United States. Department of Agriculture. Economic Research Service and published by . This book was released on 1965 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Miscellaneous Publication

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Publisher :
ISBN 13 :
Total Pages : 176 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Miscellaneous Publication by :

Download or read book Miscellaneous Publication written by and published by . This book was released on 1957 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: