Setting the Price of a Product: Policy, Determination ,Methods and Strategies! Types of Pricing: Pricing for products or services encompass three main ways to improve profits. These are that the business owner can cut costs or sell more, or find more profit with a better pricing strategy. When costs are already at their lowest and sales are hard to find, [...]
Such factors may be classified as factors relating to: 1. Product Characteristics 2. Markets Factors/Consumer Factors 3. Company Characteristics 4. Middlemen Consideration 5. Environment. Factor # 1. Product Characteristics: The product characteristic plays an important role in influencing the channel selection. The marketing executive must study the uses of a product, its frequency of purchase; perish ability, rapidity of fashion [...]
In India various methods for the prevention and settlement of industrial disputes operate at two levels: Voluntary and Statutory level. Prevention of Industrial Disputes at Voluntary Level: At the voluntary level settlement of disputes takes place at: i. Collective Bargaining ii. Code of Discipline, iii. Arbitration iv. Permanent Negotiating Machinery and Joint Consultative Machinery, and v. Tripartite Bodies. i. Collective [...]