Difference between revisions of "Customer determined pricing"

Revision as of 19:09, 27 August 2020

Customer determined pricing

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-Customer determined pricing lets the customer determine the price based on the perceived value. This includes various auction methods, a large choice of pricing alternatives, and even riskier strategies of "pay what you think it was worth."
+Customer determined pricing
-The auction world has been completely transformed by eBay, which now helps generate sales of more than <math>50 billion of merchandise per year. Here, each customer believes they are getting a good deal, while the excitement of the auction often generates prices above what the same item is available for elsewhere—extra profits for the seller.</math>
-Part of [[M6-S8 - Reading - Lodish - Entrepreneurial pricing- an often misused way to garner extraordinary profits|M6-S8 - Reading - Lodish - Entrepreneurial pricing- an often misused way to garner extraordinary profits]]
 [[Category:marketing]]