Bus 610 week 4 dq all Week 4 DQ 1 Pricing Strategies:  Identity three types of pricing

bus 610 week 4 dq all  Week 4 DQ 1  Pricing Strategies:  Identity three types of pricing strategies. Select a good or service and compare the prices of two different companies associated with the goods or service. Why do different organizations have different pricing strategies for the same good or service?   Hello everyone,  The three types strategies are:  Cost-based pricing which is the understanding of production and marketing related prices Cost based pricing uses the product's cost point to identify a price. The prices set above the cost will give the merchant a profit margin on each item sold Finch (2012).  Customer-based pricing is another strategy that refers to a demand-driven or value-based pricing. This happens because of the buyers' awareness of the product value.   Competition-based pricing is when an organization reacts to the prices implemented by other competitors Finch (2012).  Amazon and Walmart are companies associated with goods and services. Both companies use the competition based pricing strategy to offer the lowest prices and best value to their customers™ Amazon's Pricing Strategy Makes Life Miserable For The Competition. (2014).  Amazon's Pricing Strategy Makes Life Miserable For The Competition. (2014, November 20).         Retrieved March 13, 2015, from          http://www.forbes.com/sites/walterloeb/2014/11/20/amazons-pricing-strategy-makes-life-          miserable-for-the-competition/  Finch, J. (2012).  Managerial Marketing. San Diego, CA: BridgePoint Education, In