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Concert promoters and theater owners tend to favor it as a way to sell more tickets and squeeze out scalpers, but artists often worry that they would appear to be exploiting their fans' loyalty by maximizing price.
In asserting that consumers may have paid more for Windows than they would have in a competitive market, he cited a Microsoft study suggesting possible prices of $49 and $89 for the retail upgrade to Windows 98. Microsoft chose to charge $89 ,which the study identified as the "revenue maximizing" price.
Evaluations of the society's willingness-to-pay and the welfare maximizing price cap are not relevant [15].
Trying to estimate an optimal, or revenue maximizing, price is something that every consumer product company routinely does for each of its offerings.
Similar(56)
A heuristic algorithm was designed to identify the optimal rotation scheduling that would achieve both objectives of maximizing prices and minimizing the profit differences between smallholder farmers.
Typical conventional economic theories suggest that maximizing prices, fierce competition, and other rational cutthroat business behavior will quickly extinguish anything but narrow self-interest by companies.
"Curb appeal," that oft-mocked quality so essential to hooking buyers and maximizing prices, takes a hit.
They look to make a house or condo desirable to potential buyers and maximize price.
For example, if the marketing goal is to maximize price, but the brand is becoming more mainstream in consumers' minds, the C-D map will reveal the disconnect between strategy and objective.
But many Realtors who want to engage in pre-marketing to maximize price for their home-selling clients are being thwarted by an antiquated rule.
To maximize prices, Oma has registered its name as a trademark that can be used only with tuna brought ashore here.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com