1 response 2 Db /Dynamic pricing unit week 2
Each post should be one paragraph in length (75 words) and must be substantive in nature Do not simply state that it is a good or bad idea, specify why and be detailed in your explanation. Aside from assisting a classmate, the goal is to demonstrate your mastery of the concepts.
1 response 75 words
2 response 75 words
You will submit a minimum of 2 paragraphs for the week. At least three paragraphs will be included in your MAIN POST and one paragraph each for your two Interactive Replies.
1st Interactive Response
1 Paragraph
75 words
75 words
DYNAMIC PRICING
Dynamic Pricing
Pedro Amado Flores Jr.
American InterContinental University
Unit 2 Assignment 2 DB WK 1
BUS610 – Economics for the Global Manager
It is also important to keep in mind that when this particular strategy is utilized properly, an organization can analyze the data in order to see the efficiency that the strategy has by analyzing price discrimination practices. This particular method can also help an organization in order to see the potential increase in profits of a firm by enabling the firm to capture more consumer surplus as well. However, it is also important to keep in mind that ethical issues can arise when using this particular strategy because this particular method can allow an organization the capability of charging prices based on consumer history and profiling. This can potentially harm an organization’s success because their potential and current consumer base will see it as a form of invasion of privacy.
How does the company you have chosen use dynamic pricing?
The company that I have chosen for this particular assignment is the Glendale Department of Water and Power. The Glendale Department Water and Power utilizes dynamic pricing by utilizing a time based pricing method. I believe that the DWP’s use of time based pricing can be seen as a popular method in the electricity industry and it can also be considered as a…