Factors affecting price elasticity of demand the number of close substitutes – the more close substitutes there are in the market, the more elastic is demand because consumers find it easy to switcheg air travel and train travel are weak substitutes for inter-continental flights but closer substitutes for journeys of around 200-400km eg between major cities in a large country. Phones, how social and personal factors affect them to make purchasing decision, for what purposes they use smartphone, where and how long a day, change in usage of com- puters due to smartphone and how high is the phone bill after using smartphone. Part guesswork, part experience, part number crunching - how ever you look at it, determining your price is a difficult task here are nine factors to take into consideration when pricing your services.
External factors affecting mobile phone pricing discipline involving vision and mission development, external assessment, internal assessment, long-term objective setting, strategy identification and selection, strategy implementation, and performance evaluation. Political factors there are many problems which cannot be controllable by the company such as geopolitical uncertainties, war against terrorism, authority to work and health issues which can affect the sale of apple’s product worldwide. Demand-supply-analysis (nokia) 1 pankaj saharan october 2012 2 consider the following aspects of your target company structure of the demand and the factors affecting the demand the economic drivers of the production decisions including the scale of economics structure of the supply and the factors affecting the supply. Economical factors and taxes affect the telecommunication industry expenses affect the pricing per plan offered to customers too it’s expensive to build towers and resources in rural areas growth is dependent on the market (customers) and technological advancements businesses are using the internet and mobile phones for marketing.
An increase in the price of substitutes, eg if the price of samsung mobile phones increases, this will increase the demand for apple iphones – a major substitute for the samsung complements a fall in the price of complements will increase demand. Competitive conditions affect the pricing decisions competition is a crucial factor in price determination a firm can fix the price equal to or lower than that of the competitors, provided the quality of product, in no case, be lower than that of the competitors. The pricing decisions for a product are affected by internal and external factors a internal factors: 1 cost: while fixing the prices of a product, the firm should consider the cost involved in producing the product. Developing countries mobile phone sales in poorer nations skyrocketed between 2006 and 2010 the growing availability and decreasing cost of phones and accounts, combined with the absence of landlines in many parts of africa, combined to create a volatile market where millions of people acquired mobile phones in a very short period of time. Before therefore, this paper is to investigate the factors affecting the mobile phone dependence and anxiety a valid external factors that make the individual has an factors affecting college student’s mobile phone dependence and anxiety.
External and internal factors аffеcting the product and business process innovation 19 investment attractiveness, intensity of competition, company size, origin of ownership and export orientation. This paper investigated the factors affecting mobile phone purchase decision in the greater accra region of several brands and sizes of mobile phone handsets with different ranges of prices on the ghanaian market it is information search can be internal and external internal search is the process of recalling information from. Most influential factors affecting the choice of mobile phones moreover, saif et al, 2012 selected four important factors ie price, size/shape, new technology features and brand name and analyzed their impact. Businesses are impacted by a number of factors, some internal and some external while managers may not be able to control external forces, it is essential they identify and understand them. Mobile phones, brand image, price and features investigating the factors affecting youth brand (1997) describes the brand as a symbol, a sign which is external to the product kapferer maintained that its function is to reveal the hidden attributes of also those factors which affect mobile phone change among the consumers in finland.
Both stock and market price of a product affect its supply to a greater extent if the market price is more than the cost price, the seller would increase the supply of a product in the market however, the decrease in market price as compared to cost price would reduce the supply of product in the market. Several factors have led to a rapid growth of the global mobile phone market, in turn leading to an increased growth in the demand for mobile phone accessories: continuous decrease in mobile phone prices. Prices and features can be compared easily on the internet, or over a cell phone the informed consumer forces companies to evolve into transparent marketing machines with constant reviews of new products between friends, consumers speak their mind on facebook and twitter, dealing both praise and deadly criticism with record speed. The following area analyses are used to look at all external factors affecting a company: customer analysis: segments, motivations, unmet needs competitive analysis: identify completely, put in strategic groups, evaluate performance, image, their objectives, strategies, culture, cost structure, strengths, weakness.
Factors affecting the behavior of mobile phone users in uttrakhand state the sample of 306 of the targeted population was selected that includes students, service category. External environment factors affecting telecom industry - indian context search search upload sign in join home saved project 1 impact of external environment on telecom industry as high speed internet is made available on the mobile phones the role of phone calls and short messaging services will diminish, which are a major. Internal factors: costs posted on by admin for many for-profit organizations, the starting point for setting a product’s price is to determine first how much it will cost to get the product to their customers.
Environmental analysis of mobile phone industry marketing essay print reference this inflation is also one of external factors affecting the company, therefore this issue must be considered because the company has no power over it (whereby money loses its value) what range of pricing would you prefer for a phone with good features. The technological challenges affecting nokia are at the root of the social factors limiting its business the development of open sourced operating systems such as android and the invention of apps radically changed the mobile phone market. Global mobile phone accessories market stood at usd 62,7134 million in 2016 the market growth is likely to be driven by the rise in adoption of smartphones all across the globe. The external factors in apple’s remote or macro-environment indicate the value of various strategic options for the company this pestel/pestle analysis is a guide for apple in is strategic formulation process political factors affecting apple’s business.