06 Feb Describe at least one (1) new 3r
JWI515 Managerial Economics
Week 7 Discussion
Pricing Practices
Review the section on Price Discrimination in the Required Resources menu link.
Using a core product or service at your company, address each of the following points:
Describe at least one (1) new 2nd Degree Price Discrimination tactic that is not currently in use by the company.
What is the current price and what is your proposed new price?
Why do you believe this approach is better than other 2nd Degree options?
Describe at least one (1) new 3rd Degree Price Discrimination tactic that is not currently in use by the company.
What is the current price and what is your proposed new price?
Who is your target market and what demographic(s) are you seeking?
Is this product or service impacted by government influences, such as price ceilings, price floors, grants, tax credits, taxes, or subsidies? If so, how do they affect your pricing? If not, share how one or more of these might become an influence in the future?
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