types of price competition
There are three directions for implementing price competition:
Direct price competition - the company informs the entire consumer audience about price reductions. In this case, the methods of price maneuvering, setting one price for goods of different quality and open price competition are relevant.
Pros and cons of price competition
Indirect price competition - price kuwait email list changes towards a decrease are not announced, consumers' attention is not focused on this point. The methods used are hidden discounts, underpricing and cost minimization.
Hidden price competition - a company offers an improved product, of higher quality, with new functions, provided that the optimization of the product did not require significant additional costs from the manufacturer. Cost minimization methods and price maneuver are used.