Jurnal Ekonomi
Vol. 11 No. 03 (2022): Jurnal Ekonomi, 2022 Periode Desember

THE IMPACT OF GOODS PRODUCT PRICING STRATEGIES ON CONSUMER PURCHASING POWER: A REVIEW OF THE LITERATURE

Pandu Adi Cakranegara (President University Bekasi)
Wandi Kurniadi (STIA Bagasasi Bandung)
Ferdinandus Sampe (Universitas Atma Jaya Makassar)
Jouri Pangemanan (Universitas Nusantara Manado)
Muhammad Yusuf (STIA Bandung)



Article Info

Publish Date
30 Nov 2022

Abstract

The price of a product is a measure of the exchange rate used to obtain it in the form of money or goods. In order to achieve the desired business goal and profit, a company must exercise caution when determining the price of a product, service, or good. Pricing must take into account a variety of factors, as well as the best strategy. In this way, the set price can pique consumer interest and influence consumer purchasing power. The purpose of this research is to determine how the company's pricing affects consumers' purchasing power or purchasing interest. This study employed a qualitative approach in the form of literature reviews in the field of marketing management. Writing scientific articles necessitates the use of qualitative methods as well as literature studies or library research. The price of a company's product or service has a positive effect on consumer purchasing interest, so it is closely related to consumer purchasing power. Consumers' increased purchasing power at company-set prices has an impact on meeting company targets and increasing profits.

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Journal Info

Abbrev

Ekonomi

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Ekonomi [p. ISSNĀ 2301-6280, e. ISSNĀ 2721-9879] is a peer-reviewed journal published Half times a year (June, and December) by SEAN Institute. Jurnal Ekonomi is intended to be the journal for publishing articles reporting the results of economics research. Jurnal Ekonomi invites manuscripts ...