Then auctions like eBay are another example of dynamic pricing.

But there are two types of prices.

There's no haggling.

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

One is fixed prices.

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

Here's how it is. It's the fixed price.

The first three cost based pricing, value based pricing, or volume based pricing are all examples of fixed pricing tactics.

And what shall we do?

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 turns out we made this pretty easy.

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

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

Set a price for this item

Preston promised his car would sell for 1,000.

Let's take a look.

licensing and intermediation and direct sales, etc.

But there's another type of pricing.

What s the revenue stream. That s our strategy.

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

What was the market size? What share could you take?

Price

The stock market is a real time market.

But it's the case in many parts of the U.S. So actually to some degree, this, the dollar value, the property tax is driven by this home value assumption up here.

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

It should be a value based decision.

In companies do you know how much each individual department can sign off for?

Constant Bitrate Settings

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.

And so the first of these that I will focus on the first is the price of competing products.

Now what would happen if these things changed ?

So if I had one closing and modest suggestion,

For any given price, it's going to lower the quantity demanded.

Let's say a guy invents a better light bulb.

The price of admission.

Par value

Redemption

Present value

Present values

Future value

Dr. Price?

Wenneck, Price, Garner.

Fixed Handicap

Sticky

Fixed