status-quo pricing

Examples of status-quo pricing in the following topics:

• Status-Quo Pricing of Existing Products

  • Status quo pricing is the practice of maintaining current price levels that other firms are charging.
  • Price-Quality Effect: Buyers are less sensitive to price the more higher prices signal higher quality.
  • Status-quo pricing, also known as competition pricing, involves maintaining existing prices (status quo) or basing prices on the prices of competitor firms .
  • Status-quo pricing, also known as competition pricing, involves maintaining existing prices or basing prices on what other firms are charging.
  • Compare Nagle and Holden's nine laws of price sensitivity with status-quo pricing

• Competition-Based Pricing

  • Competitive-based pricing occurs when a company sets a price for its good based on what competitors are selling a similar product for.
  • Competitive-based pricing, or market-oriented pricing, involves setting a price based upon analysis and research compiled from the target market .
  • For instance, if the competitors are pricing their products at a lower price, then it's up to them to either price their goods at a higher or lower price, all depending on what the company wants to achieve.
  • One advantage of competitive-based pricing is that it avoids price competition that can damage the company.
  • Status-quo pricing, also known as competition pricing, involves maintaining existing prices or basing prices on what other firms are charging.

• How Businesses Benefit from Diversity

  • Standpoint theory suggests that marginalized groups bring a different perspective to an organization that challenges the status quo since their socially constructed world view will differ from that of the dominant group.

• The Meaning of Price

  • Buying something means paying a price.
  • But what exactly is "price?
  • For instance, a Mercedes Benz E750 is a very high-status brand name and possesses superb quality.
  • The latter role for price acknowledges that man's response to price is sometimes unpredictable and pretesting price manipulation is a necessary task.
  • Differentiate between cost, customer's view of price, and society's view of price

• Styles of Leadership

  • The democratic style encompasses the notion that everyone, by virtue of their human status, should play a part in the group's decisions.
  • Management by exception allows the leader to maintain the status quo; the leader intervenes when subordinates do not meet acceptable performance levels and initiates corrective action to improve performance.

• The political/legal environment

  • Most nations desire to become self-reliant and to raise their status in the eyes of the rest of the world.
  • The result is that consumers in the foreign nation pay high prices, get less satisfactory products, and have fewer jobs.
  • If a country's exchange rate is low compared to other countries, that country's consumers must pay higher prices on imported goods.

• Entrepreneur assessment survey

  • Change-oriented - Adopting a leadership style that attempts to transform the status quo by creating a new method, process or invention for accomplishing tasks.

• Summary, discussion questions, and references

  • KPMG (2006): "Status quo und Perspektiven im deutschen Lebensmitteleinzelhandel" http://www.kpmg.de/library/pdf/060904_Status_quo_und_Perspektiven_im_deutschen_Lebensmitteleinzelhandel_2006_de.pdf, 20.12.2007.

• New Slants on Old Adages

  • I think the answer comes in the form of an adage most of us learned in grade school or earlier: "If you don't have something nice to say, don't say anything at all. " If sweetness and light don't fit your personality and the status quo in the world doesn't induce joy and gladness, it's still worth your effort not to wallow in despair.

• From Hermits to Helpers-Tech Experts Galore

  • First and foremost, they strive to maintain the status quo for the rest of us.