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

Preston promised his car would sell for 1,000.

Then auctions like eBay are another example of dynamic pricing.

One is fixed prices.

There's no haggling.

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.

But there are two types of prices.

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

It turns out we made this pretty easy.

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

Ken Livingstone was reelected.

What s the revenue stream. That s our strategy.

Price depends on costs and demand.

Prices depend on the costs and the demand.

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

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

Last point, last graph.

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

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.

Set a price for this item

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

So the first one I'd like to parce is the idea of market value.

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

Let's take a look.

So I'm just going back to what I said earlier.

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

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.

So if I had one closing and modest suggestion,

Price

I know exactly how much they value what I will offer.

There is no free market for oil.

licensing and intermediation and direct sales, etc.

But there's another type of pricing.

I'm so angry about it. The oil companies are ripping me off.

See...notice I get my axes confused

Now suppose that after you take your learn parameters, if you test your hypothesis on the new set of houses, suppose you find that this is making huge errors in this prediction of the housing prices.

The decision was put off.

Prices depend on supply and demand.

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

It should be a value based decision.

Or, another way to think about it is the cost of production.

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

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

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

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