How do the preferences of grade 12 students influence the pricing strategies of online retailers?
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The preferences of grade 12 students have a significant influence on the pricing strategies of online retailers. Students' perceptions of e-shopping and their motivations for online shopping, such as convenience, time-saving, and price, play a crucial role in shaping the pricing strategies of online retailers . Additionally, the characteristics of online shopping channels, such as lower pricing and a more regulated industry, are advantageous for online retailers compared to offline channels . The preference between online and offline purchases, as well as switching costs, also impact the pricing strategies of retailers . Furthermore, the behavior of heterogeneous consumers, including myopic and strategic consumers, affects the optimal pricing strategies of online and offline retailers . Overall, online retailers need to consider the preferences and behaviors of grade 12 students when determining their pricing strategies to attract and retain this important consumer segment.
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| Papers (5) | Insight |
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5 Citations | The provided paper does not discuss the preferences of grade 12 students or their influence on the pricing strategies of online retailers. The paper focuses on the pricing strategies of online and offline retailers in the perishable goods retail market. |
20 Jan 2020 | The provided paper does not mention anything about the preferences of grade 12 students or their influence on pricing strategies of online retailers. The paper focuses on the influence of price strategies and visual merchandising on online purchasing decisions of students at Majalengka University. |
4 Citations | The provided paper does not mention anything about the preferences of grade 12 students or their influence on the pricing strategies of online retailers. The paper focuses on the impact of preference between online and offline purchase and switching costs on the pricing strategies of retailers. |
| The provided paper does not mention anything about the preferences of grade 12 students or how they influence the pricing strategies of online retailers. The paper focuses on factors such as consumer behavior, market conditions, and characteristics of goods that influence online pricing strategies. | |
| The provided paper does not mention the preferences of grade 12 students or their influence on the pricing strategies of online retailers. |
Related Questions
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What are the different pricing strategies that can be used for students?5 answersThere are several pricing strategies that can be used for students. One strategy is to use a high listed tuition price, coupled with widespread institutional aid awards that are framed in a way that confers distinction upon the recipient. Another strategy is to implement a microsimulation game that allows students to experience the interactive effects of decisions involving pricing, production levels, and promotional spend. Additionally, computer-assisted instructional programs can be used to teach pricing strategies, providing students with a variety of modules to understand concepts, issues, and problems in establishing prices. Furthermore, a classroom experiment can be conducted where students explore pricing strategies available to a monopolist, allowing them to discover the profit-maximizing price and quantity through economic principles. These different strategies aim to engage students, improve their understanding of pricing concepts, and develop their decision-making skills.
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