Quotes About Pricing

The mass-market paperback, for one, is too expensive.

All businesses tend to pass costs onto customers.

People are looking for more than a faster and faster PC. It has to do what they want. Will it fill some void, add some value, deliver something that they can't do previously at a price that people are willing to pay for?

Briefly speaking, our conclusion is that stochastic volatility does not make a huge difference as far as the pricing is concerned if you get the average volatility right. It makes a big difference as far as hedging is concerned.

I want to position my books as premium-priced versions on the reasonably-priced scale, if that makes sense, to find a sweet spot between the high-end of what my brand can support and the low end that results in impulse purchases and maximum sales volume.

Trying to move the volume of products we're talking about from place to place to get it ultimately into the customer's hands, to price these items, to market these items, I think the retail business is incredibly complex. But if you get it right, it's a beautiful thing.

The key is to cut out the middleman and empower both doctor and patient with information about what things cost.

Shell and Exxon support export, but refiners like Valero could end up paying more for the crude oil.

An increase in the relative price of products from the low wage manufacturers in Asia and Latin America will also make those products less attractive to American consumers.

If the price of a burger goes up 5 cents, and the minimum wage that you have received is going up from $7.25 to $15 an hour - and there have been a number of studies that document just how much the price of a burger might go up if you increase the minimum wage. You match the costs, and the benefits far outweigh the costs.

I believe in the 'Wal-Mart' school of business. The less people pay, the more they enjoy it.

I've seen articles suggesting that Wal-Mart buys at prices lower than our competitors', and that this gives Wal-Mart an unfair advantage. I don't believe it... What we hear is concern that in some circumstances, Wal-Mart may actually be paying more than our competitors.

I saw it with my own eyes: Israelis and Palestinians, arm in arm, walking off together and clearly pricing how you could get your truck to the top of the line or get it through at all. It was an absolutely transparently corrupt system at the border - you had to buy your truck's way across. I thought it was a disgrace.

If a house is priced appropriately, make a bid 10 percent below that amount.

If it doesn't know what to charge you for nosebleed seats, your team sucks.

In industries where a lot of competitors are selling the same product - mangoes, gasoline, DVD players - price is the easiest way to distinguish yourself. The hope is that if you cut prices enough you can increase your market share, and even your profits. But this works only if your competitors won't, or can't, follow suit.

On average, you will pay less for a home on a Monday than you will on a Saturday and a Sunday.

But noisy systems do not make multiple judgments of the same case. They make noisy judgments of different cases. If one insurance policy is overpriced and another is underpriced, pricing may on average look right, but the insurance company has made two costly errors. If two felons who both should be sentenced to five years in prison receive sentences of three years and seven years, justice has not, on average, been done. In noisy systems, errors do not cancel out. They add up.

When asked how much they will pay to get overnight delivery of a book they have ordered, the low scorers on the Cognitive Reflection Test are willing to pay twice as much as the high scorers.

fairness concerns are economically significant, a fact we had suspected but did not prove. Employers who violate rules of fairness are punished by reduced productivity, and merchants who follow unfair pricing policies can expect to lose sales. People who learned from a new catalog that the merchant was now charging less for a product that they had recently bought at a higher price reduced their future purchases from that supplier by 15%, an average loss of $90 per customer.

If you consider how much you should pay for a house, you will be influenced by the asking price. The same house will appear more valuable if its listing price is high than if it is low, even if you are determined to resist the influence of this number;

Aside from velcro, time is the most mysterious substance in the universe. You can't see it or touch it, yet a plumber can charge you upwards of seventy-five dollars per hour for it, without necessarily fixing anything.

I don't design down to a price.

The full costs of consumption beyond market prices are hard to determine and hard to see, and they are typically underestimated. The benefits of consumption, by contrast, are immediate and tangible, and they are typically overestimated, thanks in part to an enormous and enormously sophisticated marketing apparatus. This asymmetry contributes to our overconsumption.