Friday, September 8, 2017

Pricing an Item

  • KEY ECONOMIC PRINCIPLES I’M ADDRESSING: People gain when they trade voluntarily
  • OVERALL RESEARCH QUESTION:  How do companies determine the prices of the goods they sell to maximize profits?
Image source: www.abine.com
  • SUB QUESTIONS
    • How can West Marine charge more for the same good?
    • Price discrimination
    • How can companies charge more for less?
    • How can the device you use online affect the price you pay for a good?
  • RESOURCES FOR RESEARCH:
    • DATABASES:
    • WEBSITES: https://www.inc.com/guides/price-your-products.html

https://www.entrepreneur.com/encyclopedia/pricing-a-product

 https://www.quora.com/Why-would-a-company-charge-different-prices-for-the-same-good-What-is-price-discrimination-and-how-does-it-work

 https://hbr.org/2015/02/when-customers-will-willingly-pay-more-for-less

 https://www.cbsnews.com/news/do-companies-charge-online-shoppers-different-prices/
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