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Explore unethical and ethical pricing strategies, including common elements of segmentation, price gouging, and predatory product pricing.
2 Φεβ 2022 · Businesses who use ethical pricing strategies to sell their products and earn a profit are far more respected than those that hurt and defraud competitors or even consumers. To practice ethical pricing, you need to be able to spot the ethical issues that hinder fair pricing.
Discover the challenges and innovative solutions for ethical pricing in the business world. Learn about the importance of balancing profits with ethical standards and the impact it has on a company's reputation and success. Read on for a comprehensive overview of ethical pricing.
4 Ιουν 2020 · The basic premise of Progressive Pricing is that, rather than set a price equal to a buyer’s estimated maximum WTP, firms instead price as some function of that estimated maximum WTP (e.g., 50% of maximum WTP), hence changing the mindset from ‘value extraction’ to ‘value sharing.’.
1 ημέρα πριν · Merchants often use personalized pricing: they charge different consumers different prices for the same product. We assess the ethicality of personalized pricing by generalizing and extending an earlier model by Coker and Izaret (Journal of Business Ethics 173:387–398, 2021) who found that price personalization ethically outperforms unitary pricing. Using a simulation analysis, we show that ...
2 Οκτ 2020 · Pricing ethics are not always black and white, but the importance of ethical pricing cannot be overstated, as it cuts to the core relationship between buyer and seller. Without it, there is no trust. With it, there is additional value conveyed by the seller.
12 Ιουν 2020 · Should the law of supply and demand set prices during an emergency situation or a global crisis? The coronavirus pandemic shows why it should not—and why this is a lesson worth reflecting on. Economic theories sometimes collide with ethical concerns.
