Indiana Institute of Technology Economics Pricing Strategies Paper

Description

Assignment Prompt:
Choose a company, brand, or product to use in distinguishing between each of the pricing strategies below. Please note that you can choose a different company/brand/product for each pricing strategy. The company, brand, or product can be from a U.S. firm, or a firm from any country that is easily researchable using Internet search engines.
Uniform Pricing Strategy 
Identify the name of the company, brand, or product.
Explain if the product is demand elastic or inelastic, and why.
What data supports that this company, brand, or product has used this pricing strategy?
Do you believe this example of pricing is a best practice? That it is ethical? Explain why or why not.
Do you believe that the pricing strategy used by this firm increases or decreases the profits of the firm? Explain why or why not.
First Degree Price Discrimination 
Identify the name of the company, brand, or product.

Explain if the product is demand elastic or inelastic, and why.

What data supports that this company, brand, or product has used this pricing strategy?

Do you believe this example of pricing is a best practice? That it is ethical? Explain why or why not.
Do you believe that the pricing strategy used by this firm increases or decreases the profits of the firm? Explain why or why not.
Second Degree Price Discrimination 
Identify the name of the company, brand, or product.
Explain if the product is demand elastic or inelastic, and why.
What data supports that this company, brand, or product has used this pricing strategy?

Do you believe this example of pricing is a best practice? That it is ethical? Explain why or why not.

Do you believe that the pricing strategy used by this firm increases or decreases the profits of the firm? Explain why or why not.
Third Degree Price Discrimination 
Identify the name of the company, brand, or product.
Explain if the product is demand elastic or inelastic, and why.
What data supports that this company, brand, or product has used this pricing strategy?
Do you believe this example of pricing is a best practice? That it is ethical? Explain why or why not.

Do you believe that the pricing strategy used by this firm increases or decreases the profits of the firm? Explain why or why not.

Explanation & Answer:
5 pages

Tags:
pricing strategy

Firm Profit

elastic demand

User generated content is uploaded by users for the purposes of learning and should be used following FENTYESSAYS.COM ESSAY’s honor code & terms of service.