Purchase Solution

Pricing structure of an organization

Not what you're looking for?

Ask Custom Question

Some businesses will examine their pricing structure and modify it in order to maximize revenue, either by raising or lowering the price. For some organizations, lowering prices might be an effective means for increasing revenue. Select an organization you work for or are familiar with. Could the organization you have chosen lower prices to increase revenue?

Why or why not?

Purchase this Solution
Solution Summary

Examine of pricing structure to boost demand and maximize revenue

Solution Preview

There are many ways that organizations can use to increase revenue. One of the ways is to increase the price of an item. This idea of increasing the price of a product is very tempting to many decision makers. Customers, however, do not like to pay more for anything and ...

Solution provided by:
Edwin Sinclar, MBA
Education
  • MBA, Aspen University
  • Bachelor of Science , Berea College
Recent Feedback
  • "Thank u"
  • "Thank You!"
  • "Thanks!"
  • "Thank you so much"
  • "Great job...thanks."
Purchase this Solution
Free BrainMass Quizzes
Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

View More Free Quizzes
Related BrainMass Solutions

  • Monopolies and Oligopolies Explored

    Select a company and describe the effects on the organization of using this strategy. 3. Identify an organization and recommend methods to reduce costs. What effects do technologies have on costs?

  • Organizational Model

    The pricing of the products offered by the organization should be based on the value pricing methods which assist it to expand its business at international level.

  • Importance of Establishing a Pay Structure

    Equity and equality Pay structure serves as "internal equity method, which uses a tightly constructed grid to ensure that each job is compensated according to the jobs above and below it in a hierarchy, and market pricing, where each job in an organization

  • Microeconomic perspective

    , and an assessment of the market in which the organization competes.

  • Evaluate the organization of a marketing department.

    339260 Evaluate the organization of a marketing department. Evaluate the organization of a marketing department. a. Considerations in Organization Design b. Organizational Design Options c. Selecting an Organizational Design d.

  • market structure

    363498 Questions on market structure Please provide assistance. 1. Pick any organization; determine what strategy you would recommend for the organization in terms of pricing, non price barriers to entry and product differentiation? 2.

  • Bob- Machine design department situation

    Since the department has no rationalized pricing structure which forces internal clients to outsource their contracts to firms outside the organization, the technical expertise and experience staff goes waste.

  • Price Changes

    One of the reasons is definitely market structure. For example, the change in pricing strategy of a firm in response to changing demand and supply conditions will be different for a perfectly competitive market as compared to monopoly or oligopoly.

  • Industrial Services of America: How Does OD Relate to Strategy?

    The management of Industrial Services of America, Inc can use organizational development to determine strategy whereby an organization's structure and capabilities to identify strategy to employ.

View More Related Solutions