Table 5: Advices for pricing strategies based on trust advantage.

Trust level

Market competition level

Pricing Strategies

Pricing purposes

Applicable contexts

High

( ΔT>0 )

Moderate Competition

(SC2)

Discount Promotion Strategy

Promote Sales

Constrained Production

Going-rate Pricing Strategy

Reduce Competitive Risks

Homogeneous Products

Cost-plus pricing Strategy/Target Profit Pricing Strategy

Keep Market Share

High Market Share; Lower Production Costs

Weak Competition(SC3)

Low-price Strategy

Promote Sales

Lower Production Costs

Going-rate Pricing Strategy

Reduce Competitive Risk

Homogeneous Products

Precise Segmentation Pricing Strategy

Obtain Consumer Surplus

Highly Anticipated New Products

Low

( ΔT<0 )

Moderate Competition

(SC2)

Penetration Pricing Strategy

Promote Sales

Develop New Markets with General Products

Weak Competition

(SC3)

Discount promotion strategy

Develop New Markets

Develop New Markets with Anticipated Products