Below are some of the methods most used setting prices.
Price discrimination. Depending on where the product is sold (in which region, time of year
sold the product, etc.).
Experimentation. It is a rarely used method, but useful especially for luxury goods. consists
tested for a period of time several prices for the same product, in order to determine their
impact on the demand for it and set the most convenient according to the company that makes it.
Intuition. It is a resource used primarily by brokers, not by economists,
but not rule in their study. Involves setting prices based on the assumption that the effects of
are to have the same demand.
Competition. Is to set a price that similar priced competitors.
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