Why is the pricing of services more difficult than the pricing of goods?

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Essentials Of Services Marketing

ISBN: 9781292425191

4th Edition

Authors: Jochen Wirtz

See More Books

Question Posted: Feb 03, 2024 12:01 PM

See More Questions

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
Petitioner, Leegin Creative Leather Products, Inc. (Leegin), designs, manufactures, and distributes leather goods and accessories. In 1991, Leegin began to sell belts under the brand name Brighton....
Subject : Strategic Management in a Global Environment Safaricom: Innovative Telecom Solutions to Empower Kenyans As the largest mobile provider in Kenya, Safaricom has touched the lives of Kenyans...
On January 1, 2018, Rastall Co. signed a long-term finance lease for an office building. The terms of the lease required Rastall to pay $30,000 annually, beginning December 31, 2018, and continuing...
List the requirements for mutual exclusion.
A company uses a job cost system. As of January 1, its records showed the following balances: Materials Work in Process Finished Goods (Job No. 211) 13,500 25,800 30,000 The work in process inventroy...
Give an example of end-user computing (EUC).
Assume that you are the managerial accountant at Infostore, a manufacturer of hard drives, CDs, and diskettes. Its reporting year-end is December 31. The chief financial officer is concerned about...
ABC Corporation has hired you to evaluate a new FOUR year project for the firm. The project will require the purchase of a $ 8 2 5 , 8 0 0 . 0 0 work cell. Further, it will cost the firm $ 5 7 , 9 0...
The following data were obtained from a series of Charpy impact tests performed on four steels, each having a different manganese content. Plot the data and determine (a) The transition temperature...
How can the pricing tripod approach to service pricing be useful in setting a good pricing point for a particular service?
Which strategy for entering a new international market should the following businesses consider and why? (a) an architectural design firm, (b) an online discount broker, and (c) an advertising-funded...
How many atoms are there in one molecule of H 3 PO 4 ? How many atoms of each element are there in one molecule of H 3 PO 4 ?
What are the main similarities and differences between BS 7750, EMAS and ISO 14001? Is one of these systems to be preferred over the other two?
Standards can be technical, performance-based or process-based. Distinguish between these three categories and identify the category that applies to standards for environmental management systems.
Implementation plays a critical part in environmental management.Why might environmental management fail at the implementation stage? Can these reasons for failure be corrected or avoided?
The company has 2,500 shares of common stock outstanding. What is Liberty's earnings per share? a. 2.04 b. 3.6 times c. $\$ 1.22$ d. $\$ 3.05$
Is there any notion of a trade-off between risk and return involved in an ecoefficiency portfolio matrix? How are green stars and dirty dogs related? In your answer cite examples from an industry...
Each coffee table produced by Robert West Designers nets the firm a profit of $9. Each bookcase yields a $12 profit. Wests firm is small and its resources limited. During any given production period...
Use the T account for Cash below to record the portion of each of the following transactions, if any that affect cash. How do these transactions affect the companys liquidity? Jan. 2 Provided...
In your own words, explain why a decision support system (DSS) can add to the value of a marketing information system. Give an example of how a decision support system might help.
Discuss how output from a marketing information system (MIS) might differ from the output of a typical marketing research department.
Discuss some of the likely problems facing the marketing manager in a small firm who plans to search the Internet for information on competitors marketing plans.
use the tax table calculate the tax liability $ for the tax payer filing status single taxable income $68400
Answer the following time value of money questions assuming the interest rate is 1 2 percent. What is the present value of $ 1 , 2 0 0 to be received in four years? What is the present value of $ 1 ,...
40 41 Task 2 Task 2 42 Balance Sheet Table 2 below provides a 43 Current Assets valuation of the assets and 44 liabilities of a sport and 45 recreation club at the end of the 46 year. You are not...

Why is the pricing of services more difficult than the pricing of goods?

Question:

Step by Step Answer:

The pricing of services can often be more complex than the pricing of goods due to several factors 1 ...View the full answer

Essentials Of Services Marketing

Students also viewed these Business questions