Performance management > Pricing decisions > Flashcards

Pricing decisions Flashcards

(4 cards)

Study These Flashcards
1
Q

7 factors that influence pricing

A 
demand
quality
competitors
substitutes
inflation
age of product
disposable incomes
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

what is PED

A

Price elasticity of demand

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

defintion of Price elasticity of demand

A

PED measures the extent of the change in market demand for a product or service in response to a change in price

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

formula for PED

A

% change in demand / % change in price

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
Performance management
flashcards
Decks in class (17)
# Cards
Brainscape helps you reach your goals faster, through stronger study habits.
© 2026 Bold Learning Solutions. Terms and Conditions