I could actually price on specific customer segments or on features I know they need.

There's no haggling.

Preston promised his car would sell for 1,000.

We are essentially saying the demand, the Price Quantity demanded relationship is held constant and we can pick a price and we'll get a certain quantity demanded.

On the left hand side, labor is is under a high cost pressure.

Then auctions like eBay are another example of dynamic pricing.

One is fixed prices.

No, what happened to us, Chris, is that power, it's priced off the margin.

And you know that it's going to be 100.

What s the revenue stream. That s our strategy.

Cost plus market, value pricing, and volume price are all examples of fixed pricing tactics.

So archetypes really helped us understand our customers, they value prop, the revenue and some of our pricing tactics.

They want to encourage high volume purchases, and so they have stepped pricing that is oriented to create volume.

I love Lego Mindstorm, is which a wonderful way to experiment with these things.

It should be a value based decision.

There is no free market for oil.

Price depends on costs and demand.

Prices depend on the costs and the demand.

But there are two types of prices.

So let's talk about our first scenario here, where let's say this curve, people didn't expect prices to change for my e book and now all of a sudden, people expect there's a change in expectation.

Well, let's put a tax on oil that is a non revenue tax, and it basically says for the next 20 years, the price of oil will be whatever you want, 35 bucks, 40 bucks.

It's the best price that someone's willing to give you for something.

We've been talking about the law of demand and how if we hold all else equal, a change in price, price goes up, the quantity demanded goes down and the price goes down, the quantity demanded goes up.

It turns out we made this pretty easy.

But there's another type of pricing.

That's a mistake.

So if the sale is twenty five percent off of x, we could say that the new price, the sale price will be x minus twenty five percent of x is equal to the sale price.

It is traded.

Last point, last graph.

That just means that the last three yield management, real time, and auctions are examples of dynamic pricing.

Finance, you type in the ticker symbol and you get the price for that day.

Set a price for this item

Ken Livingstone was reelected.

Now what would happen if these things changed ?

Prices depend on supply and demand.

What was their Facebook status, and more importantly, what kind of rental type would they like.

Does the price include breakfast?

So I think you had more and more people thinking that they were saving when they weren't.

Let's take a look.

So these companies are saying, no I cannot admit what the market, what capitalism, is telling me what the price is.

The person who's paying 12.00 a share is assuming that this is understated, the book value is understated.

See...notice I get my axes confused

And then kind of the third common errors, my price hast to be less than my competitor's price.

So if I had one closing and modest suggestion,

It's not about low cost.