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Pricing Mechanisms
Fixed Menu Pricing Dynamic Pricing
Predefined prices are based on static variables Prices change based on market conditions
List price Fixed prices for individual products, services, Negotiation Price negotiated between two or more partners
or other Value Propositions (bargaining) depending on negotiation power and/or negotiation skills
Product feature Price depends on the number or quality of Yield management Price depends on inventory and time of purchase
dependent Value Proposition features (normally used for perishable resources such as hotel
rooms or airline seats)
Customer segment Price depends on the type and characteristic Real-time-market Price is established dynamically based on supply
dependent of a Customer Segment and demand
Volume dependent Price as a function of the quantity purchased Auctions Price determined by outcome of competitive bidding
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