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Price setting behaviour of manufacturing firms in South Africa
Dissertation (MBA)--University of Pretoria, 2012.
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| Format: | Thesis |
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University of Pretoria
2013
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| _version_ | 1867613516564791296 |
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| access_status_str | Open Access |
| author2 | Holland, Mike |
| author_browse | Holland, Mike |
| author_facet | Holland, Mike |
| collection | Thesis |
| dc_rights_str_mv | © 2012 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Dissertation (MBA)--University of Pretoria, 2012. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/29688 |
| institution | University of Pretoria (South Africa) |
| last_indexed | 2026-06-10T12:37:23.532Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2013 |
| publishDateRange | 2013 |
| publishDateSort | 2013 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/29688 Price setting behaviour of manufacturing firms in South Africa Holland, Mike ichelp@gibs.co.za Govender, Nadarajen UCTD Price leadership Price stickiness Price adjustments Price reviews Dissertation (MBA)--University of Pretoria, 2012. The literature on price setting has developed extensively in the last decade; albeit predominantly focused on the price setting behaviour of developed countries. This study reviews the survey results of price setting behaviours in the manufacturing sector within a developing economy. More than two thirds of manufacturing firms in South Africa purely follow time-dependent pricing rules; which, when compared to the results of surveys conducted in other international studies is almost three times as much, approximately one third of firms allow for components of state-dependent pricing rules.Higher input costs (cost of raw materials and labour costs) are the most important driver behind price increases. Declining market share is the most important factor behind price reductions. Firms review their prices more often than they actually change them. The median firm in this study has only adjusted its prices twice in the last 12 months.Co-ordination failure and temporary shocks are the most important sources of price stickiness. Mark-up pricing and price discrimination are common practices amongst South African manufacturing firms. The quality of a firm‟s product followed by its price is most important in determining the firm‟s level of competitiveness. Manufacturing firms in South Africa generally adopt a barometric price leadership strategy when setting their prices. Gordon Institute of Business Science (GIBS) unrestricted 2013-09-07T16:17:16Z 2013-04-26 2013-09-07T16:17:16Z 2013-04-25 2012 2013-02-16 Dissertation Govender, N 2012, Price setting behaviour of manufacturing firms in South Africa, MBA dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://hdl.handle.net/2263/29688 > F13/4/160/zw http://hdl.handle.net/2263/29688 http://upetd.up.ac.za/thesis/available/etd-02162013-172214/ © 2012 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | UCTD Price leadership Price stickiness Price adjustments Price reviews Price setting behaviour of manufacturing firms in South Africa |
| title | Price setting behaviour of manufacturing firms in South Africa |
| title_full | Price setting behaviour of manufacturing firms in South Africa |
| title_fullStr | Price setting behaviour of manufacturing firms in South Africa |
| title_full_unstemmed | Price setting behaviour of manufacturing firms in South Africa |
| title_short | Price setting behaviour of manufacturing firms in South Africa |
| title_sort | price setting behaviour of manufacturing firms in south africa |
| topic | UCTD Price leadership Price stickiness Price adjustments Price reviews |
| url | http://hdl.handle.net/2263/29688 http://upetd.up.ac.za/thesis/available/etd-02162013-172214/ |