Essay Available:
Pages:
1 page/≈275 words
Sources:
2 Sources
Style:
APA
Subject:
Management
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.86
Topic:
Amazon As A Dynamic Pricing Company
Essay Instructions:
Please describe at least one example of a firm that is using dynamic pricing to increase revenue. Be as specific as possible.
Essay Sample Content Preview:
Dynamic Pricing
Student’s Name
Institutional Affiliation
Dynamic Pricing
Dynamic pricing is a strategy that organizations utilize in pricing their offerings in accordance with the frequent demand for their products and services. Companies have an opportunity of changing their prices by taking into account the pricing of close rivals, demand and supply, and other external factors. According to Adida & Perakis (2010, p. 291), the dynamic pricing approach is a common practice in travel, hospitality, and entertainment industries. However, each of them takes a unique approach in pricing on the basis of customer needs and demand of products or services. In the current highly competitive business environment, dynamic pricing is the latest trend that is relevant in the age of e-commerce companies. Amazon is an ideal example of a firm that utilizes the strategy in updating the prices of its products frequently.
Amazon as a dynamic pricing company has capitalized its approach by understanding the market trends. The company focuses on enhancing customer satisfaction by offering discounts on various items. The management uses dynamic pricing by being conservative tow...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:
👀 Other Visitors are Viewing These APA Essay Samples:
- Formulate a Software Defined Networking Problem Statement 4 pages/≈1100 words | 5 Sources | APA | Management | Essay |
- The Meaning and Importance of Shared Values, Vision, Commitment and Team Building2 pages/≈550 words | 2 Sources | APA | Management | Essay |
- Victim Statements: Impact Of The Crime1 page/≈275 words | 3 Sources | APA | Management | Essay |
- DATA WAREHOUSE AND DECISION SUPPORT SYSTEM. Management Essay5 pages/≈1375 words | 6 Sources | APA | Management | Essay |
- Wal-Mart's Customer Service Perspective3 pages/≈825 words | 3 Sources | APA | Management | Essay |
- Module 6 Critical Thinking: Importance Of A Reward And Recognition Program2 pages/≈550 words | No Sources | APA | Management | Essay |
- Discussion 1 - Training and Staff Development1 page/≈275 words | 2 Sources | APA | Management | Essay |