Managing the Price: Cost, Demand, and Competitive Response

20/08/2025 39 min Episodio 16
Managing the Price: Cost, Demand, and Competitive Response

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Episode Synopsis

Unlock advanced pricing strategies that align cost structures, demand, and competition to drive long-term profitability and market success. This episode explores how fixed and variable costs, economies of scale and scope, and company goals shape pricing. It breaks down strategic models like penetration, skim, and loss-leader pricing, plus dynamic pricing methods like surge and reverse pricing. Learn how to conduct price–benefit analysis, avoid costly price wars, and use auctions or pay-what-you-want pricing effectively. The episode closes with a framework for evaluating and responding to competitive price cuts without eroding brand value or profits.