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MANAGEMENT
SESSION
FOUR (a)
PRICE
CONTEXT &
CONCEPTS
Session Objectives
Define the meaning of price.
Understand the different roles price can play for buyers
and sellers and in different kinds of markets.
Appreciate the nature of the external factors that influence
pricing decisions.
Explore the internal and organisational forces that
influence pricing decisions.
Understand the impact of the single European market and
the euro on pricing.
Functional
Quality
Price
assessment
Financial
Operational
Personal
Demand/
elasticity
Customers
Pricing
decision
Legal/
regulatory
Competitors
Channels
of distribution
Competitors
Monopoly
Oligopoly
Monopolistic
competition
Perfect competition
Pricing
decision
Marketing
objectives
Organisational
objectives
Costs
A _____
_____
is a medium of exchange.
_____
Any
The
The
_____
The
_____
_____