Table 5: Advices for pricing strategies based on trust advantage.
Trust level |
Market competition level |
Pricing Strategies |
Pricing purposes |
Applicable contexts |
High ( ) |
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 ( ) |
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 |