1 The World Clock â Current times around the world. 2  Time Zone Converter â If it is 3 pm in New York, what time is it in Sydney? 3  Event Time Announcer/Fixed Time â Show local times worldwide for your event.
Price Maker. What is a 'Price Maker'. A price maker is a monopoly or a firm within monopolistic competition that has the power to influence the price it charges as the good it produces does not have perfect substitutes. A price maker that is a firm within monopolistic competition produces goods that are differentiated in some way from its competitors' products.
A competitive-based pricing strategy may be employed when there is little difference between products in an industry. For example, when people purchase paper plates or foam cups or a picnic, they often shop for the lowest price when there is minimal product differentiation.rice Skimming. Another type of pricing strategy is price skimming, in which a company sets its prices high to quickly recover expenditures for product production and advertising. The key objective of a price skimming strategy is to achieve a profit quickly.