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Category

Pricing

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price
thumb|The competitive price system according to Paul Samuelson thumb|upright|A price display for a tagged clothes item at Kohl's
barter
thumb|1874 newspaper illustration from ''Harper's Weekly'' showing a man engaging in barter by offering various farm produce in exchange for his yearly newspaper subscription.
dumping
sale of goods or services under the production cost or their own costs
fee
thumb|Fee slips for a university college. A fee is the price one pays as remuneration for rights or services. Fees usually allow for overhead, wages, costs, and markup. Traditionally, professionals in the United Kingdom (and previously the Republic of Ireland) receive a fee in contradistinction to a payment, salary, or wage, and often use guineas rather than pounds as units of account. Under the feudal system, a Knight's fee was what was given to a knight for his service, usually the usage of land. A contingent fee is an attorney's fee which is reduced or not charged at all if the court case i
price elasticity of demand
responsiveness of the quantity demanded of a good or service to a change in its price
pay-per-click
Pay-per-click (PPC) is an online advertising model in which advertisers pay a publisher—typically a search engine or website—each time a user clicks on an advertisement.
break-even
equality of costs and revenues
price discrimination
pricing strategy of offering similar products at different prices according to buyers' willingness to pay
price of oil
generally refers to the spot price of a barrel of benchmark crude oil—a reference price for buyers and sellers of crude oil
loyalty program
customer loyalty program or loyalty card
market risk
Risks arising from movements in market variables
rebate
buying discount scheme
price war
commercial competition characterized by the repeated cutting of prices below those of competitors
pricing
thumb|A price tag is a highly visual and objective guide to value.
pricing strategy
strategies related to price when selling products or services
local exchange trading system
locally initiated community enterprise that records transactions of members exchanging goods and services
operating margin
relating operating profits to net sales
net metering
type of billing of electricity generated from renewable sources
congestion pricing
system of surcharging users of public goods that are subject to congestion
electricity price
electricity prices and rates
Lerner index
definition
discounts and allowances
reductions applied to the basic sale price of goods or services
price ceiling
economic policy
profit maximization
process to determine the highest profits for a firm
yield management
operational business strategy
base erosion and profit shifting
corporate tax avoidance tools
fair value
financial estimation of potential market price
pay what you want
pricing strategy/business model
markup
ratio of the cost of a good or service and its selling price
willingness to pay
economic concept of the maximum price a buyer is willing and able to give in a transaction
price level
macro-economic aggregate/variable
arbitrage pricing theory
multi-factor asset pricing model that relates macroeconomic risk variables to the pricing of financial assets
social dumping
practice of employers to use cheaper labour than is usually available at their site of production or sale
travel class
quality of accommodation on public transport
transfer pricing
rules and methods for pricing transactions between enterprises under common ownership
cost per action
measure of cost of online advertising
price signal
information conveyed to consumers and producers, via the price charged for a product
psychological pricing
Behavioral economics theory that certain prices have a psychological impact
dynamic pricing
pricing strategy in which businesses set flexible prices algorithmically based on current market demands
loss leader
product sold below cost to stimulate other, more profitable sales
fare
A fare is the fee paid by a passenger for use of the public transport system: rail, bus, taxi, etc. In the case of air transport, the term airfare is often used. Fare structure is the system set up to determine how much is to be paid by various passengers using a transit vehicle at any given time. A linked trip is a trip from the origin to the destination on the transit system. Even if a passenger must make several transfers during a journey, the trip is counted as one linked trip on the system.
price skimming
price setting strategy
food price
Average price level for food across countries, regions and on a global scale
power purchase agreement
contract between two parties for the sale of electricity
factor price equalization
economic theory by P. A. Samuelson, which states that the prices of identical factors of production will be equalized across countries due to international trade in commodities
price gouging
when a seller increases prices of goods, services, or commodities to a level much higher than is considered reasonable or fair
zero-rating
thumb|Portuguese company MEO (Portugal)|MEO gives zero-rated access to their own service "MEO cloud". Even though it does not provide unlimited mobile data, it offers packages to give zero-rated access to other applications and services. Contrary to popular belief it does not prevent the usage of those applications while using the regular unused data, but instead offers packages where applications and services within the package are not counted towards the data consumed.
flat rate
pricing structure that charges a single fixed fee for a service
razor-and-blades model
business model of selling high-profit consumables or subscription services for use with a subsidized durable good
Statute of Labourers 1351
English wage control law
RevPAR
RevPAR, or revenue per available room, is a performance metric in the hotel industry that is calculated by dividing a hotel's total guestroom revenue by the room count and the number of days in the period being measured.
Cost-plus pricing
strategy of setting prices based on a fixed markup percentage
Fare basis code
in the airline industry
joint product
product generated at the same time as another one while processing of the same input, notably in the industry
capital loss
difference between a lower selling price and a higher purchase price, resulting in a financial loss for the seller
just price
theory of ethics in economics
Menu cost
Cost of changing prices
relative price
ratio of two prices
reservation price
limit on the price of a good or a service
asset pricing
theory of how equities and debt instruments are valued