How do manufacturers and retailers decide what prices to charge and how do consumers perceive the prices they are asked to pay?
Peter Day looks at prices, something most of us encounter every day of the week. From market stalls to luxury brands, Peter asks how manufacturers and retailers decide what prices to charge and how consumers perceive the prices they’re asked to pay. Is it simply a case of supply and demand or is it much more mysterious than that?
(Photo: Bilston Market in the West Midlands. BBC copyright)
Contributors to this programme
Steve Smith - Founder Poundland, Estates Direct
Bryan Roberts - Kantar Retail
Patrick Barwise - Emeritus professor of Management and Marketing , London Business School
Robert Polet - Former CEO and chairman, Gucci Group
Nancy Puccinelli - Professor and fellow in consumer marketing at Said Business School , Oxford
Paul Dillon - Head of Travel and Transportation practice, Accenture, UK and Ireland