Competition Based Pricing?

Answer

Competition based pricing is used by a business that wants to price their products at or lower than their competition's price. This is done a lot with different retailers that are in the same area. It makes sure the customer gets the lowest price possible.
Q&A Related to "Competition Based Pricing?"
Competition based pricing is a price set by a company for a product to compete with another company's pricing. Production and distribution costs are ignored to drive demand towards
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An employee's base pay is the rate the worker and the company agree on before employment starts. This number excludes additional pay, whether it be bonuses, on-call compensation,
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Like on the new Tesco and Asda adverts...they try to show that their products are cheaper than the others. Also recently with the petrol prices...one supermarket put their price down
http://uk.answers.yahoo.com/question/index?qid=200...
It's a competitive business, with few barriers to entry, and investment banking fees have constantly eroded (is GS IBD really the main profit center for the bank? Not anymore) Boutiques
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