COMPETITIVE PRICING generally is where firms must be able to offer the best price in the market and meet price erosion without compromising quality. This is normally met whenever a firm finds acceptable a prices-production combination such that: a. At these prices, there is no other production ...
In particular, the necessity to be attentive to the value proposition cannot be entirely neglected, even if not prioritized in competition-oriented pricing. Underpricing (Discount) ➝ If a product is priced at the market rate without further analysis, the business is at risk of needlessly underpr...
Defining congruency is the hard part of competitive pricing. Definition of competitors: defining competition is essential in order to know which prices need to be analyzed by the firm. But competition can take on various forms as an online retailer and an offline retailer can indeed be competitors...
Define competitive. competitive synonyms, competitive pronunciation, competitive translation, English dictionary definition of competitive. adj. 1. Of, involving, or determined by competition: competitive games. 2. Liking competition or inclined to compe
Competitive analysis is the process of identifying competitors and evaluating their strategies in order to determine their weaknesses and strengths.
Market Penetration Pricing | Definition, Strategy & Examples 3:33 Market Research: Definition, Analysis & Methodology 5:37 Observational Research | Definition, Methods & Techniques 4:43 Opinion Leader | Definition, Characteristics & Examples 2:31 Perceptual Map | Definition, Marketing Techniques ...
Pricing:How do your competitors’ prices compare to yours? If their price offering is more than your business but still turning a profit, what value-adds are customers paying for that your e-commerce business could be offering too? Positioning:How do competitors position themselves in the...
Twitter Google Share on Facebook anticompetitive Also found in:Financial. an·ti·com·pet·i·tive (ăn′tē-kəm-pĕt′ĭ-tĭv, ăn′tī-) adj. Relating to practices or policies that unfairly thwart or impede competition in a market:anticompetitive pricing strategies. ...
Tactical competitive intelligence focuses on short-term, immediate needs and actions, providing actionable insights that can be directly implemented to improve current operations. This type of intelligence is often granular and specific, targeting particular aspects of the business such as pricing strategies...
Competitive pricing is used more by businesses selling similar products, since services can vary from business to business, while the attributes of a product remain similar. Competitive pricing is generally used once a price for a product or service has reached a level of equilibrium. Understanding ...