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Pricing Policy as a Strategic Tool in the Context of Global Competition

Author

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  • Roxana Ispas

    (University of Craiova, Romania)

Abstract

This paper examines the role of pricing policy as a strategic tool for companies in global markets. It explores key pricing models, including value-based and dynamic pricing, and analyzes how these strategies help businesses maintain competitiveness. Using Tesla, Inc. as a case study, the paper highlights how the company adapts its pricing in response to market conditions and regional factors. The findings show that effective pricing strategies, such as localized pricing and dynamic adjustments, are crucial for maximizing profitability and market share. This study underscores the importance of aligning pricing decisions with broader strategic goals to achieve sustainable competitive advantage.

Suggested Citation

  • Roxana Ispas, 2024. "Pricing Policy as a Strategic Tool in the Context of Global Competition," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 543-548, December.
    • Handle: RePEc:ovi:oviste:v:xxiv:y:2024:i:2:p:543-548
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    More about this item

    Keywords

    consumer price; inflation; monetary and fiscal policies;
    All these keywords.

    JEL classification:

    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications

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