This section looks briefly at the various pricing schemes that evolved with modern commerce. Whilst not pertaining to be an academic paper it aims to help by providing a historic context. In to-days complex business world, suppliers are having to use established techniques in new ways using new delivery channels.
Historic fixed pricing was suitable in stable times with little competition. As commerce became far more competitive in the affluent post war period, marketing became dominant. Suppliers introduced many forms of pricing linked to various promotional techniques. With the internet, Modern Consumer Led Pricing has become a mass audience every day occurrence with the buyer firmly in the driving seat. Suppliers are having to respond with far more sophisticated marketing techniques. The last section looks at the new value led dynamic pricing schemes that are closely linked to Customer Relationship Management (CRM). They aim to price products and services by understanding customer's behaviours and values as well as their needs and desires.
Historic Fixed Pricing |
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Established Supplier Led Pricing |
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Modern Consumer Led Pricing |
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New Value Led Dynamic Pricing |
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Part 1 |
Part 2 |
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