How Pricing Affects the Demand and Supply and Pricing Strategy on Adjustments and Marketing

[Student’s Name]
[Instructor’s Name]
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Critical Assessment
First Post
The post provides a background of the mini case highlighting Impress4Less providing services for those looking for new jobs and selling consultation time. Another post’s strength is that it discusses how pricing affects the demand and supply of the company’s services.
The author did well linking the company’s performance to pricing decisions, services offered, and demand for services. Pricing affects customer decision-making, and management needs to consider how pricing positioning will affect competitiveness. There was mention of the fixed and variable costs subtracted from the revenue to get profits. Fixed costs are unavoidable costs and do not affect decision-making like variable costs. While the post has its strengths and new insights, there are shortcomings as there is no explanation of calculations on pricing and profitability and analysis of changes on demand for consultation time.
To make improvements, the author could have focused on the transition from the first paragraph to the second paragraph. This would have provided context on how pricing affects profitability and demand for services. While the company makes a profit of $ 5,000 at the $ 50 selling price and 200 consultations, there is a need to clarify the consultations required at the $ 45 price and $ 40 to maintain the $ 5,000 profit.
I learned the importance of carefully monitoring the pricing tactics to reach the desired profitability levels while also evaluating customer demand. The change in demand affects revenue, and when prices reduce, there is a higher demand for the services. Whi...