5 Pricing Strategies: More Projects at Higher Fees

Look no further than the gas pumps to see the extraordinary, often nonsensical, choices made by shoppers reacting to comparisons. You may be tempted to dismiss such behavior as irrelevant and only applicable to low-impact decisions like choosing a brand of gasoline or even a new computer. However, the truth is the vast majority of choices are strongly influenced by comparisons.

| November 03, 2014

By David A. Fields

5 Pricing Strategies Look no further than the gas pumps to see the extraordinary, often nonsensical, choices made by shoppers reacting to comparisons. Prominent signs proclaim each brand's current price per gallon, making it easy to compare among alternatives. And people will drive miles out of their way or wait in line for what amounts to a dollar or two off their total bill.

You may be tempted to dismiss such behavior as irrelevant and only applicable to low-impact decisions like choosing a brand of gasoline or even a new computer. However, the truth is the vast majority of choices are strongly influenced by comparisons.

You Might Like

For RSM, Serving the Middle Market  Brings Big Changes, Major Opportunity

For RSM, Serving the Middle Market Brings Big Changes, Major Opportunity

"Mind-boggling." That's one way to describe the pace of change in today's business environment. To succeed, businesses have to be willing to change, innovate and take educated risks. And the old adage "opportunity rarely knocks twice" is still around, simply because it happens to be true.

Terms of UsePrivacy Policy

Copyright © 2024 ALM Global, LLC. All Rights Reserved.