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Pricing Strategies for Companies During the COVID-19 Pandemic

Pricing Strategies for Companies During the COVID-19 Pandemic

Lovely Chopra, Rohan Shareshtha Verma, Pratap Chandra Mandal
Copyright: © 2021 |Volume: 2 |Issue: 4 |Pages: 19
ISSN: 2644-2094|EISSN: 2644-2108|EISBN13: 9781799863915|DOI: 10.4018/IJBSA.287111
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MLA

Chopra, Lovely, et al. "Pricing Strategies for Companies During the COVID-19 Pandemic." IJBSA vol.2, no.4 2021: pp.1-19. http://doi.org/10.4018/IJBSA.287111

APA

Chopra, L., Verma, R. S., & Mandal, P. C. (2021). Pricing Strategies for Companies During the COVID-19 Pandemic. International Journal of Business Strategy and Automation (IJBSA), 2(4), 1-19. http://doi.org/10.4018/IJBSA.287111

Chicago

Chopra, Lovely, Rohan Shareshtha Verma, and Pratap Chandra Mandal. "Pricing Strategies for Companies During the COVID-19 Pandemic," International Journal of Business Strategy and Automation (IJBSA) 2, no.4: 1-19. http://doi.org/10.4018/IJBSA.287111

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Abstract

Companies adopt pricing strategies to maximize their profits. However, in light of an ongoing pandemic, these strategies have been put under the scanner across industries. Companies need to modify their pricing strategies to adapt to these unprecedented times. The study focuses on these pricing strategies, their necessity during the pandemic, and how they can be effectively implemented without any long-term implications for various companies and businesses. The study focuses on various aspects of pricing and the suitability of pricing strategies during the pandemic. The study suggests pricing strategies which companies may follow. Pricing strategies of several industries which are in crisis are also discussed. The study will help companies to understand the economic situation and formulate pricing strategies accordingly. Such pricing strategies will allow companies to satisfy their customers, sustain in the competition, and achieve business excellence.