Jurnal Manajemen Bisnis
Vol. 13 No. 01 (2023): April

Analysis of price setting process and pricing decision art object: A case study in art contractor industry

Chrismantya Dwi Satriya Nugroho (Universitas Brawijaya)
Ludira Yudha (Institut Seni Indonesia Denpasar)



Article Info

Publish Date
11 Apr 2023

Abstract

Price setting s a very complex matter and can bring profits and losses to the business if it is wrong in making pricing decisions. Art objects have different standards in determining their prices so that they do not have a definite price standard. This research focuses on how to determine the price of art objects through the pricing process and the value brought by the art objects. This research is a case study research using a qualitative approach. The company studied is an art contractor located in Bali. Researchers conducted field observations, studied company data and conducted interviews. The results of this study show pricing decision-making process in the art contracting industry has several stages to estimate project costs as a basis for making decisions to determine the final price. Each stage of the process correlates with one another and will reveal the costs of the project. The valuation of the art object is added to the project cost based on the artist's skill in making the art object. Each project will have a different value that is tailored to the artist who made the work on the project.

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Journal Info

Abbrev

jmb

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

The Universitas Muhammadiyah Malang published Manajemen Bisnis (MB) journal in 2011. Start in December 2018, the MB journal has online ISSN 2655-2523 for articles that publish started from Volume 9 No. 1, April 2019. Then, start from Volume 9 No. 2. MB journal has been accredited for SINTA 4. MB ...