Pricing News Daily > 10/29/18

pricingnews-DailyPricing News Daily is a digest of top pricing strategy in the news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals, business owners, creative professionals, and independent contractors.

 

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Value Innoruption Advisors

Founded by Dr. Stephan Liozu, Value Innoruption Advisors provides training and consulting resources for organizations interested in embedding value-based methodologies in their go-to-market strategies related to innovation, marketing, pricing, and sales. Value Innoruption Advisors offers two popular value and pricing management certification programs – Customer Value Modelers™ (CVM™) and Change Agent in Pricing™ (CAP™).

Click a link below to learn more…

 

New insurance to guard against price surges on ride-hailing apps when it rains | TODAYonline

New insurance to guard against price surges on ride-hailing apps when it rains | TODAYonline

SINGAPORE — To deal with a big peeve among users of ride-hailing applications, a new insurance product promises protection against price surges for rides during wet weather. Called Droplet, the new product by insurer NTUC Income offers users up to 60 per cent of their fares or cancellation fees back if it was raining at […]

 

France Plans Congestion Pricing for Big Cities | CityLab

France Plans Congestion Pricing for Big Cities | CityLab

The charges laid out by the proposed law are fairly modest. Cities of over 100,000 residents would be permitted to charge cars €2.50 (about $2.87) each time they enter a congestion-controlled zone; larger vehicles could be charged up to €10 ($11.50). All charges would be paid online, though the exact method is not stipulated and […]

 

Trump adds a global pricing plan to wide attack on drug prices, but doubts persist | Salon

Trump adds a global pricing plan to wide attack on drug prices, but doubts persist | Salon

President Donald Trump’s new pledge to crack down on “the global freeloading” in prescription drugs had a sense of déjà vu. Five months ago, Trump unveiled a blueprint to address prohibitive drug prices, and his administration has been feverishly rolling out ideas ranging from posting drug prices on television ads to changing the rebates that […]

 

Can Cognitive Biases be Used to Fix Prices? | Entrepreneur India

Can Cognitive Biases be Used to Fix Prices? | Entrepreneur India

How should we price our product? Should we start low, deliver value and then demand a higher price? Or should we start high? Price-Quality Heuristic Most people are aware of price-quality heuristic, maybe not by that name. Heuristics, simply put, are the mental shortcuts that people employ to make quick judgements. Price-quality heuristic is the […]

 

Drunkards association unhappy with increase in price of beer (Video) | YEN

Drunkards association unhappy with increase in price of beer (Video) | YEN

The Ghana Drunkards Association has threatened to embark on a demonstration against government if prices of alcoholic beverages are not reduced. According to them, the price of beer has shot up in recent weeks without any tangible reason, making it difficult for them to enjoy themselves. President of the Ghana Drunkards Association, Moses Onyah, popularly […]

 

B2B’s payment challenges extend to pricing | PaymentsSource

B2B’s payment challenges extend to pricing | PaymentsSource

If only the B2B buying process were as simple as ordering a pair of shoes online. You’d find, say, a fleet of 18-wheelers, configured exactly how you want them, in the exact models you need. With a click of a button, you’d have an exact quote ready to go. In less than a few minutes, […]

 

US pricing plan slammed for imposing “foreign price controls” | PMLiVE

US pricing plan slammed for imposing “foreign price controls” | PMLiVE

President Trump’s latest plan to bring down the cost of medicines in the US has drawn fire from the drug industry, which claims it will undermine access to medicines for some of the country’s neediest people. Last week, Trump unveiled proposals to bring US prices for drugs covered by Medicare Part B – which covers […]

 

The true madness of a viral wing pricing scheme | The Verge

The true madness of a viral wing pricing scheme | The Verge

If you’ve been on Twitter in the past week, you may have seen this bewildering wing menu. I saw it a few days ago, and it has consumed my thoughts in every unoccupied moment since. We know nothing of where it came from or why, although it’s probably safe to assume it’s a wing place. […]

 

Events and Resources

14th Annual PPS European & Global Pricing Conference & Workshops | PPS

Date: November 28-30, 2018

Location: Mövenpick Hotel Amsterdam City Centre in Amsterdam, Netherlands

The Professional Pricing Society team and I are very proud to announce that we will be returning to Amsterdam for our next great event – The 14th Annual PPS European & Global Pricing Conference & Workshops held 28-30 November.

Conference keynotes, breakout sessions, and networking opportunities highlight the conference day on 30 November; While 28-29 November will be used for workshop days to help you enhance your pricing knowledge.

 

The following is a daily-dose of pricing cartoons, quotes, and videos enjoy…

 

“There is no point in matching a competitor if the nearest store is 50 miles away.”

     – GRAEME McVIE

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This blog series provides a forum for pricing professionals to share their insights and experience. Our guest bloggers share their knowledge about specific product or industry challenges, geographic complexities, strategies, tactics, and technologies.

 

Top Discussions

This blog category offers a collection of top pricing related conversations on LinkedIn or in the comments section of pricing related blogs and articles.

 

Pricing Resources

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