Aug 06, 2017

Pricing Decisions

This paper concentrates on the primary theme of Pricing Decisions in which you have to explain and evaluate its intricate aspects in detail. In addition to this, this paper has been reviewed and purchased by most of the students hence; it has been rated 4.8 points on the scale of 5 points. Besides, the price of this paper starts from £ 40. For more details and full access to the paper, please refer to the site.

Pricing Decisions

INSTRUCTIONS:
The price of an item is an important component of decision making in procurement, but is not the only factor for a final decision. Write a 3-4 page, APA style paper that reviews the overall components of a pricing strategy. Include examples from external research to support your views. Describe a company that has used a purchasing strategy to improve the financial impact of the company. Use at least one resource from the online library to obtain examples. References Benton, W. C. Jr. (2010). Purchasing & supply chain management, 2nd ed. New York, McGraw-Hill Irwin.
CONTENT:
Pricing Decisions Student: Professor: Course title: Date: Pricing Decisions The price of an item is an important component of decision making in procurement, but is not the only factor for a final decision. Write a 3-4 page, APA style paper that reviews the overall components of a pricing strategy. Include examples from external research to support your views. Apart from considering the right price when making procurement decisions, other factors such as the right timing, source, material quality and quantity should also be considered before making the final decision. Determining how much to price products and services is one of the most significant decisions that a company makes. The pricing decisions must always be very carefully considered. The prices of services and/or goods are expected to cover not just production and promotion costs, but also distribution costs and a reasonable profit (Benton, 2010). When products and/or services from different companies are of similar quality, a buyer in a competitive environment is more likely to go for the products or/and services which are at the market price, neither too high nor too low. There are several components of a pricing strategy as pointed out by Benton (2010). The first one is E...


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