January 2005
Intermediate to advanced
232 pages
5h 35m
English
Multi-dimensional pricing offers two or more variables so that the price paid can reflect and reward the dynamics of the market place. For example, a daily mileage limit for rental cars surcharges drivers who impose greater wear and tear on vehicles. For example, a Family Rail Card is an up-front payment that gives 33 percent discount off rail tickets bought during the 12-month validity period. This rewards the frequent traveller. Higher commitment in return for lower prices helps the rail company to capture more value.
Action: Seek more variables on the price scale. Encourage customers to buy ‘season tickets’ that give access to lower prices. Find ways of differentiating prices between high maintenance ...
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