Economics Pricing System That Allows Smaller Practices Term Paper

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economics pricing system that allows smaller practices and organizations to buy and sell affordable prices is a must today. The use of technology to determine pricing strategys is prevalent in todays times. This can be illustrated with the following examples where companies have used technology to formulate their pricing strategy.

The pricing model for MDoffice offers an affordable entry price for smaller, less-demanding medical offices such as solo practitioners. These practices can extend their investment in MDoffice by easily moving from standalone PC's or laptops, to peer-to-peer networks, to sophisticated client/server installations involving LANs (Local Area Networks) and perhaps WANs (Wide Area Networks). This easy migration from platform to platform can be accomplished in affordable increments.

The overall objective in all our pricing decisions is to offer great products at a fair price allowing our clients to get an excellent return on their investment and to have an affordable growth and upgrade path."

Successful companies are able to talk confidently with customers about their prices.

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Knowing what to charge, and how to communicate your fees to customers, distinguishes you as a serious company. A well thought out pricing strategy will help you attract the kinds of customers you want and will put you on the path to getting the revenue you need. From a strategic perspective, pricing has more impact on positioning and ultimate profitability than any other item in the overall marketing mix. Depending on market sensitivities and current profit margins, a 1% increase in price could increase profitability by….....

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"Economics Pricing System That Allows Smaller Practices" (2003, September 05) Retrieved July 7, 2025, from
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"Economics Pricing System That Allows Smaller Practices", 05 September 2003, Accessed.7 July. 2025,
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