Price Control: Pros and Cons
Pricing strategies may result in prices that deny certain consumers or business the ability to purchase and or enjoy the offering. Is there a moral price? What do you do in situations where someone needs a product but the cost of providing it is prohibitive? Should profit levels be a factor in determining the price of an offering. By this I mean that if a firm is making 35% profit should their prices be reduced by law so that they only make 15%. What are the unintended consequences of having a law like this.?
write about 3 paragraph, not research paper, no citation,
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In every market, there should be a moral price to ensure that the target consumers especially the vulnerable can afford certain products or services. Where different pricing strategies may deny certain consumers access to their desired product, it is prudent that every market should be sensitive to the needs of its people and the society. Prohibitive price denies the…
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