Price adjustment at multiproduct retailers

Article Abstract:

Retail food and drugstore chains follow a specific price adjustment process involving a number of resources and a series of complicated activities. The price adjustment process has significant implications for the business in general. Price change process plays a relevant role in determining the appropriate pricing strategy to be employed by the retail store. The pricing strategy selected, in turn, will affect the frequency of price changes. The price adjustment process also has implications for the occurrence of price change mistakes which result in lawsuits and penalties.

Pricing Policy, Analysis, Finance, Retail industry, Retail trade, Pricing

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Managing gray markets through tolerance of violations: a transaction cost perspective

Article Abstract:

A company's level of tolerance is affected both by the manager's ability to detect violations and by the need to reduce the risk of free-riding on distributor services. Furthermore, tolerance of violations is affected both by transaction cost and free-riding variables. This suggests that firms, which operate in markets having difficulty in documenting violations such as international markets or markets with geographically dispersed clients, may want to employ a permissive stance.

Distribution Channels, Models, Management, Business economics, Managerial economics, Gray market

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