Nobody downloaded yet

Value Pricing in Food Industry - Research Paper Example

Comments (0) Cite this document
The objective of the following paper is to outline the process of forming pricing policies based on consumer's demand in food the industry. The writer analyzes various factors, such as government export and import regulations, supply and manufacturing costs, etc…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.8% of users find it useful
Value Pricing in Food Industry
Read TextPreview

Extract of sample "Value Pricing in Food Industry"

Download file to see previous pages The economic environment has a tremendous impact, as the most crucial factor in determining a market’s potential, is undoubtedly income. The world economy has undergone a significant change in the recent past. The competitive front has taken a new shape, with companies facing global competition in the place of local competition. The major factors, which influence the economic environment, are the GDP and GNP, the disposable income, inflation rate, the cost of energy and its availability, infrastructure capabilities, etc.
Generally, there are three categories of economies operating in the world; capitalist, socialist and mixed economies (Williams, 2006). This categorization if influenced by the resource allocation in the system. The resource allocation is done in three ways – market allocation, in which the customer is given maximum preference and the goods and services are produced according to the choice of the customers. In command allocation method, the government plays a prominent role in deciding what and how much is to be produced while in the mixed economy, resources are allocated on the basis of a combination of both market allocation and command allocation methods. World markets can also be divided according to the GNP per capita by segmenting them into high-income countries, upper-middle income countries, lower-middle income countries, and low-income countries.
Inflation is one more factor that has been responsible for the increase of global food prices. When aggregate demand is higher than the aggregate supply the price level increases generally. Demand-pull factors create inflation. The major factors under this category are an increase in money supply, the government budget deficit, an increase in export earnings etc.
Cost-push factors would also have been responsible for inflation. When the cost of production factors increases, the producers or manufacturers that supply the food reduce the supply.  ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(Value Pricing in Food Industry Research Paper Example | Topics and Well Written Essays - 4750 words, n.d.)
Value Pricing in Food Industry Research Paper Example | Topics and Well Written Essays - 4750 words. Retrieved from
(Value Pricing in Food Industry Research Paper Example | Topics and Well Written Essays - 4750 Words)
Value Pricing in Food Industry Research Paper Example | Topics and Well Written Essays - 4750 Words.
“Value Pricing in Food Industry Research Paper Example | Topics and Well Written Essays - 4750 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Value Pricing in Food Industry

Microorganism in food industry

...?Microorganisms in the Food Industry Introduction Microorganisms are used extensively by humans in many domains of life. They have also been used in the food industry. Microorganisms are often in the news for causing spoilage of foods but they are in fact, used every day to actually produce several of these foods. They have been exploited both knowingly and unknowingly for several thousand years by people. Some of the microorganisms used include bacteria and yeasts. Nowadays, there is much research done on the complex processes microorganisms undergo in food so as to further understand these processes. Understanding these...
10 Pages(2500 words)Research Paper

Food Industry Analysis Paper

...? Food Industry Full  Food Industry Analysis Paper Introduction Eating is perhaps one of the most basic human functions and has been around since the dawn of time. Everyone needs to eat and there needs to be an industry to provide for this need. The food industry is one of the few industries that are immune from any bad economic effects because food is a must for survival. Other luxury industries may be affected and forced to go out of business because they are no longer considered to be important. This is not so with the food industry...
5 Pages(1250 words)Essay

Food industry website reviews

...Website and advertising This websitemainly deals with providing information regarding various recipes and food items. It has also got search fields for finding recipes directly and also by occasion. The site is attractive and is a good source of information for food lovers. It is quite obvious that the website is an extension of the ads that can be observed. The ad that is displayed on the home page ( . This site provides information that is quite contextual with the site. It offers information on the item sandwiches having low calorie content which is a part of the recipes that offers. The site not only offers information on...
6 Pages(1500 words)Essay

Retailing Fast Food Industry

...With demands and new technological approach, consumers have begun to open larger shops with wider range and variety of material and items on display. Thus technological improvements like , stock control , checkout scanning , fresh produce and longer shelf-lives have decreased prices and attracted consumers for massive sales . Loyalty card schemes has profitable implications for retailers get to know about customers' preferences . This engrosses them in product development. Value of sales with regard to grocery outlets has risen to 3% for the fast 10 years. This outlines the hidden truth of better quality of food outweighing convenience purchasing. Convenience retailing holds supremacy...
21 Pages(5250 words)Essay

The Food (Grocery) Industry

...factors affecting businesses as many of them are closing down due to this. As a management consultant, I will help the United Kingdom’s grocery industry to asses its current competitiveness and its macro environmental position so as to be able to assist in making decision about the possible strategies to be applied in future The Grocery Industry A lot of businesses are venturing in UK grocery industry, in the year 2001, the number of groceries was very high and their operative average value was estimated to be Around 103.4 billion pounds. The food industry has become the core business venture of many supermarkets and expenditure on...
9 Pages(2250 words)Essay

Food Packaging Industry

...have contributed largely towards its revenue generation. The socio-cultural environment of packaged food industry includes behavioral patterns and changing values of life of the people. Kraft Food is a multinational corporation dealing in more than 150 countries all over the world. Hence, it is very crucial for them to separately analyze the socio-cultural environment of its customers worldwide. They at times face decrease in sales volume due to various cultural events in various parts of the world and for this factor sales are not the same in every country. However, its overall sales volume balances over the year because cultural factors are not the same for all...
10 Pages(2500 words)Research Paper

Food industry

... Food Industry The term ‘economies of scale’ usually refers to the advantages in cost that a business will obtain as a result of expanding their activities. It also refers to the reductions in the cost per unit that an enterprise witnesses due to an increase in its size or their consumption of inputs (Mankiw, 45). On the other hand, the term consolidation refers to the process whereby businesses acquire other smaller entities combining them to create much larger companies (Kroeger, Vizjak, Moriarity, 67). Fast food Nation offers fast foods to its consumers on the local along with global scenes. The company has made great advances in the production of fast foods through their kitchen prototyping, standardizing, self-serving along... , the...
2 Pages(500 words)Essay

Fast Food Industry

...Fast Food Industry It is certainly a remarkable achievement for the fast food industry of the US that its revenue has sprung up from $6 billion in 1970 to a huge $170 billion business in 2013. Such a growth in the fast food industry, which still goes unabated, is likely to have some far reaching consequences for the US. The paper attempts to explore the impact that the fast food industry is likely to create in the years ahead in the US. The fast food industry has been providing a huge boost to the US economy for last several decades. The industry contributes considerably to the gross domestic product (GDP) of the nation. It is estimated that the fast food industry in the US provides employment to 3.5 million people... and that is...
3 Pages(750 words)Essay


...Value Pricing in the CPA industry: Does Cost Determine Price? Introduction According to Berends (25), products in definition for any organization are done through various ways such that the customer can manage to evaluate it and compare it against other products. The definition of products and services revolves around terms such as scope, delivery, risk, and price. Risk in product definition revolves around a customer not being in a position to provide the promised commodities, the fact that the customer may not benefit from a commodity or both. Further, the pricing of a product is done considering monetary aspect such that the actual...
5 Pages(1250 words)Research Paper


...Task VALUE PRICING IN THE CPA INDUSTRY Introduction Different firms exist in different industries with the sole aim ofmaking profits through the services that they offer. CPA is an industry that exist in the financial industry to offer professional qualifications in the field of accountancy and auditing. The latter generally means Certified Public Accountants that offer the service after a subscription of a substantial amount of fees upon payment to the institution. Due to increase in the number of business activities in the present and predicted rise in the future times, the industry has experienced increase in demands....
7 Pages(1750 words)Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Value Pricing in Food Industry for FREE!

Contact Us