{"id":1323,"date":"2023-02-15T02:15:25","date_gmt":"2023-02-15T02:15:25","guid":{"rendered":"https:\/\/www.goodacademic.com\/blog\/questions\/case-study-dynamic-pricing-strategies-for-enhancing-profitability\/"},"modified":"2023-02-15T02:15:25","modified_gmt":"2023-02-15T02:15:25","slug":"case-study-dynamic-pricing-strategies-for-enhancing-profitability","status":"publish","type":"questions","link":"https:\/\/www.goodacademic.com\/blog\/questions\/case-study-dynamic-pricing-strategies-for-enhancing-profitability\/","title":{"rendered":"Case Study: Dynamic Pricing \u2013 Strategies for Enhancing Profitability"},"content":{"rendered":"<p><strong>Overview<\/strong><br \/>\nDynamic pricing is a collection of pricing strategies used by firms and organization to enhance profits.&nbsp;You will begin by exploring pricing techniques that operate in the market in real time.&nbsp;Then you will explore how auctions are employed in the search to find the value of&nbsp;goods and services.&nbsp;<br \/>\nConsult the following video before getting started:\n<\/p>\n<ul>\n<li><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.numberphile.com\/videos\/the-ideal-auction?rq=ideal%20auction\"><u>The Ideal Auction<\/u><\/a>.&nbsp;<\/li>\n<\/ul>\n<p><strong>Instructions<\/strong><br \/>\nIN 5\u20137 pages&#8230;<br \/>\nCompare and contrast surge versus congestion pricing.&nbsp;Provide&nbsp;a specific&nbsp;example of each&nbsp;currently in use.&nbsp;<\/p>\n<ol>\n<li>Compare and contrast surge versus congestion pricing.&nbsp;Provide&nbsp;a specific&nbsp;example of each&nbsp;currently in use.&nbsp;<\/li>\n<li>There are many types of auctions, each with strengths and weakness at uncovering the real price\/value of an item.&nbsp;Compare and contrast how each of the&nbsp;following&nbsp;uncovers value&nbsp;<strong>and<\/strong> provide a specific example of how each uncovers value:&nbsp;&nbsp;\n<ul>\n<li>The English&nbsp;auction&nbsp;and&nbsp;the&nbsp;Dutch auction.&nbsp;&nbsp;<\/li>\n<li>The sealed-bid first-price auction and the Vickery Auction.&nbsp;<\/li>\n<\/ul>\n<\/li>\n<li>Auctions are widely used. Analyze an actual auction employed by each of the following:&nbsp;\n<ul>\n<li>A state or&nbsp;federal government or an agency of&nbsp;a state or&nbsp;federal&nbsp;government.&nbsp;&nbsp;<\/li>\n<li>A for-profit business.<\/li>\n<li>For each, explain what type of auction is employed and how the auction solves the problem of finding the best price for the good or service.<\/li>\n<\/ul>\n<\/li>\n<li>Read the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/www.warren.senate.gov\/imo\/media\/doc\/Letter%20from%20Senator%20Warren%20to%20Fed%20on%20Wells%20Fargo%20FHC%20Status%2009.13.2021.pdf\"><u>Letter from Senator Warren to Fed on Wells Fargo FHC Status<\/u> <\/a>[PDF].\n<ul>\n<li>Explain how&nbsp;an auction&nbsp;to sell the Wells Fargo consumer-facing banking division&nbsp;might&nbsp;be used to determine the value of the division.<\/li>\n<li>Include a recommendation on what type of auction might be used.<\/li>\n<\/ul>\n<\/li>\n<li>Use five sources to support your writing, including one published within the last six months. Choose sources that are credible, relevant, and appropriate. Cite each source listed on your source page at least one time within your assignment. For help with research, writing, and citation, access the&nbsp;<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/library.strayer.edu\/\" title=\"https:\/\/library.strayer.edu\"><u>library<\/u><\/a>&nbsp;or review&nbsp;<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/library.strayer.edu\/guides\" title=\"https:\/\/library.strayer.edu\/guides\"><u>library guides<\/u><\/a>.<\/li>\n<\/ol>\n<p><strong>Your assignment must follow these formatting requirements:&nbsp;<\/strong><br \/>\nThis course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.<br \/>\nThe file submitted in Blackboard must be an MS Word document or a PDF document.&nbsp;<br \/>\nThe specific course learning outcome associated with this assignment is:\n<\/p>\n<ul>\n<li>Propose ways in which a company can use dynamic pricing to better uncover value and increase revenue.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Overview Dynamic pricing is a collection of pricing strategies used by firms and organization to enhance profits.&nbsp;You will begin by exploring pricing techniques that operate in the market in real time.&nbsp;Then you will explore how auctions are employed in the search to find the value of&nbsp;goods and services.&nbsp; Consult the following video before getting started: [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[223],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/1323"}],"collection":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/comments?post=1323"}],"version-history":[{"count":0,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/1323\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/media?parent=1323"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/disciplines?post=1323"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/paper_types?post=1323"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/tagged?post=1323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}