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  • Exercise 1

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    1. Demand is a factor associated with price theory, referring to the desire of a market for a tangible or intangible item, such as clothes, housekeepers, or a house. 2. Moon prices are an underlying assumption of prospect theory, where a store or company offers a discount on an item's original price, like 20% off a pair of shoes originally priced at $500. 3. Equilibrium is a factor of price theory referring to a balance between the supply and demand of a market.

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    costing and pricing

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    1. Demand is a factor associated with price theory, referring to the desire of a market for a tangible or intangible item, such as clothes, housekeepers, or a house. 2. Moon prices are an underlying assumption of prospect theory, where a store or company offers a discount on an item's original price, like 20% off a pair of shoes originally priced at $500. 3. Equilibrium is a factor of price theory referring to a balance between the supply and demand of a market.

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    6 views1 page

    Exercise 1

    Uploaded by

    •MUSIC MOOD•
    1. Demand is a factor associated with price theory, referring to the desire of a market for a tangible or intangible item, such as clothes, housekeepers, or a house. 2. Moon prices are an underlying assumption of prospect theory, where a store or company offers a discount on an item's original price, like 20% off a pair of shoes originally priced at $500. 3. Equilibrium is a factor of price theory referring to a balance between the supply and demand of a market.

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    © All Rights Reserved
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    Exercise 1

    Directions: In no more than three (3) sentences, identify if the given item is a factor associated with price
    theory or an underlying assumption of prospect theory and explain its concept. Write your answers on the
    space provided. (6 items x 5 points)
    1. Demand- this item is a factor that is associated with price and it is a desire of a market that it can be a
    tangible or intangible item. Example for tangible is clothes and for the intangible is housekeepers.
    2. Moon prices- in this item it is underlying assumption of prospect theory and Moon price occurs when
    the certain store or company offers a discount for example the original price of the shoes is 500 and they
    will offer a 20% discount.
    3. Equilibrium- the equilibrium belongs in the price theory
    4. Supply-this item is a factor of price theory
    5. Free or paid
    6. Better to pay in cash
    Exercise 2
    Directions: List down four (4) pricing strategies and explain the concept of each in no more than three (3)
    sentences. Write your answers on the space provided. (4 items x 5 points)

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