GSU Pricing Strategies as Related to Supply Chain and Logistics Essay

by | Mar 27, 2024 | Writing

Description

Conduct research regarding the topic of domestic and foreign pricing strategies as related to supply chain and logistics. Prepare a formal business report for your current supervisor (or a past supervisor). This report will compare and contrast one specific characteristic to domestic and foreign pricing strategies as related to supply chain and logistics. Your report can be completed as if being prepared for your current employer or a previous employer.

Your answer should be at least 500 words in length (double-spaced). Use APA guidelines, including a cover page, citations, and references. USE THE BOTTOM INFO TO INPUT INTO IN THE PAPER

Domestic pricing strategies which can be beneficial to manage both supply chain management and logistics are as follows:

  • Cost-plus pricing strategy: Cost-plus pricing strategy is internal market-based pricing strategy. It calculates cost by adding a markup.
  • Competitive pricing strategy: This national pricing strategy is wholly based on the pricing strength of its competitors. Pricing managers set price based on the charges which competitors are imposing.
  • Value-based pricing strategy: It is useful. The rice of the product depends on the value of the product.
  • Price skimming strategy: Price skimming is an effective domestic marketing strategy. Market evolving plays a crucial role in setting up product price.

    • Foreign pricing strategies are developed for the global market following the efficiency of supply chain management. Global pricing strategies are as follows:

  • Penetration pricing strategy: It is an effective pricing strategy for the worldwide market. Price is issued based on the market share of that respective nation.
  • Economy pricing strategy: It is a type of low price strategy. This strategy is used by companies to grab the global market quickly by providing short-term offers.

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