Q. Which one of the following reflects an intrinsic or true value for factors or products?
A shadow price is commonly referred to as a monetary value assigned to currently unknowable or difficult-to-calculate costs.
Price inflation is an increase in the price of a standardized good/service or a basket of goods/services over a specific period of time (usually one year).
Economy pricing is a method of pricing in which a low price is assigned to a product with decreased production costs.
Penetration pricing is a pricing strategy where the price of a product is initially set low to rapidly reach a wide fraction of the market and initiate word of mouth. The strategy works on the expectation that customers will switch to the new brand because of the lower price.
- Price inflation
- economy pricing
- Penetration Pricing
- Shadow Pricing
Shadow prices are prices indicating the intrinsic or true value of a factor or product in the sense of equilibrium prices.Intrinsic value is a way of describing the perceived or true value of an asset. This is not always identical to the current market price because assets can be over- or undervalued.
Price inflation is an increase in the price of a standardized good/service or a basket of goods/services over a specific period of time (usually one year).
Economy pricing is a method of pricing in which a low price is assigned to a product with decreased production costs.
Penetration pricing is a pricing strategy where the price of a product is initially set low to rapidly reach a wide fraction of the market and initiate word of mouth. The strategy works on the expectation that customers will switch to the new brand because of the lower price.
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