Price Analysis
Encyclopedia
In marketing
Price Analysis refers to the analysis of consumer
response to theoretical prices in survey research.
In general business
Price Analysis is the process of examining and evaluating a proposed price without evaluating its separate cost elements and proposed profit/fee.
Price analysis may also refer to the breakdown of a price to a unit figure. Usually per square metre or square foot of accommodation or per hectare
or even square metre of land. The price with suitable adjustment for various differences, is then applied to the valuation
problem.
Marketing
Marketing is the process used to determine what products or services may be of interest to customers, and the strategy to use in sales, communications and business development. It generates the strategy that underlies sales techniques, business communication, and business developments...
Price Analysis refers to the analysis of consumer
Consumer
Consumer is a broad label for any individuals or households that use goods generated within the economy. The concept of a consumer occurs in different contexts, so that the usage and significance of the term may vary.-Economics and marketing:...
response to theoretical prices in survey research.
In general business
Business
A business is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit...
Price Analysis is the process of examining and evaluating a proposed price without evaluating its separate cost elements and proposed profit/fee.
Price analysis may also refer to the breakdown of a price to a unit figure. Usually per square metre or square foot of accommodation or per hectare
Hectare
The hectare is a metric unit of area defined as 10,000 square metres , and primarily used in the measurement of land. In 1795, when the metric system was introduced, the are was defined as being 100 square metres and the hectare was thus 100 ares or 1/100 km2...
or even square metre of land. The price with suitable adjustment for various differences, is then applied to the valuation
Valuation
-Economics:*Valuation , the determination of the economic value of an asset or liability**Real estate appraisal, sometimes called property valuation , the appraisal of land or buildings...
problem.