Understanding The Conceptual Definitions of Cost, Price, Worth and Value.

Olajide, Sunday Emmanuel; Lizam, Mohd; Olajide, Esther Bola

doi:10.9790/0837-2109015357

Cited by 10 publications

(8 citation statements)

References 8 publications

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“…Price of a product or service is the amount of money a consumer must pay (Kotler 1999). Price, as described by Olajide, Lizam, and Olajide (2016), is the amount of money paid by the buyer (railway commuters) to the seller (railway operators) in return for the services provided by the railway operators, including cost and profit margin. Price management is an important aspect of railway firm activities since the railway operators' determination of the ideal level and structure of pricing impacts their profit and, as a result, their growth and competitive position (Jarocka & Ryciuk, 2016).…”

Section: Literature Reviewmentioning

confidence: 99%

Analysis of railway commuting factors and customers patronage in Lagos State, Nigeria

Ariyo

Adeoye

Ajayi

2022

J. sustain. dev. transp. logist.

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Railway transportation is a critical component of countries' transportation sectors worldwide. This is because, in the movement of goods and persons, railway transport networks have a clear advantage over other modes of transportation. However, despite the positive outlook, Nigeria's railway transportation networks have faced several challenges to the country's economic and social development, especially in overpopulated cities like Lagos State. The study population consists of 125 railway transportation users in Lagos state. The data were analyzed using descriptive, multiple and Partial Least Square Structural Equation Modeling (PLS-SEM). The study revealed that safety is the highest predictor of customer patronage amongst railway commuters in Lagos state. This is followed by price, travel time and service quality. This indicates that if the safety of the railway commuters (customers) is guaranteed, they will continue to use the train regardless of the service quality being offered to them. The study recommended that Public-Private Partnership (PPP) should be encouraged in running the affairs of the Nigerian railways for increased efficiency and that industry players need to be proactive by ensuring adequate professionalism in the sector and putting in place modern railway transport facilities.

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Section: Literature Reviewmentioning

confidence: 99%

Analysis of railway commuting factors and customers patronage in Lagos State, Nigeria

Ariyo

Adeoye

Ajayi

2022

J. sustain. dev. transp. logist.

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“…According to Ashraf et al (2017), price is defined as the amount of money charged for a service or product. From another perspective, a product's price is the sum of the value that consumers exchange for the benefits derived from using/owning a product (Olajide et al, 2016). Meanwhile, Weyl (2019) commented that price is the amount of money that companies determine in exchange for services and goods they trade with a function to satisfy consumers.…”

Section: Pricementioning

confidence: 99%

Causality Validation of Three Marketing Mix Components and Interest in Smartphone Purchase Decisions

Wijayanti

Rahmawati

Sadarrudin

et al. 2022

Sostek

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The field of technology has experienced phenomenal growth. Moreover, the evolutionof cellphones has become a major draw for customers. The aim of this study is tovalidate the effect of marketing mix components and interest in purchasing decisions forSamsung brand smartphones in the Tambaksari District (Surabaya City). A total of 498informants were recruited and interviewed for data collection on pricing, promotions,distributions, interests, and purchasing decisions at cellular kiosks and electronic stores.After the data were collected, they were analyzed using the multiple linear regressionmethod. The model feasibility procedure concluded that all seven hypotheses wereaccepted (p<0.05). In the direct effect, any increase in price, promotion, distribution,and interest can increase purchasing decisions. From the indirect effect, it is evidentthat interest is a consistent mediator in increasing its influence on price, promotion,and distribution on purchasing decisions. The marketing channel applied by the sellerinfluences consumer decisions through interest. This study’s approach should thereforebe developed through constructive consumer attention.

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“…4 Refers to the time-weighted average wholesale electricity price [76] 5 Refers to the amount of money spent in producing a unit of electricity [108]…”

Section: Land Availabilitymentioning

confidence: 99%

The Potential of Variable Renewable Energy Sources in Mexico: A Temporally-Evaluated and Geospatially-Constrained Techno-Economical Assessment

Sanchez¹,

Ryberg²,

Heinrichs³

et al. 2021

Preprint

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Due to the increasing global importance of decarbonizing human activities, especially the production of electricity, the optimal deployment of renewable energy technologies will play a crucial role in future energy systems. To accomplish this, particular attention must be accorded to the geospatial and temporal distribution of variable renewable energy sources (VRES) such as wind and solar radiation in order to match electricity supply and demand. This study presents a techno-economical assessment of four energy technologies in the hypothetical context of Mexico in 2050, namely: onshore and offshore wind turbines, and open-field and rooftop photovoltaics. A land eligibility analysis incorporating physical, environmental, and socio-political eligibility constraints and individual turbine and photovoltaic park simulations, drawing on 39 years of climate data, is performed for individual sites across the country in an effort to determine the installable potential and the associated levelized costs of electricity. The results reveal that up to 54 PWh of renewable electricity can be produced as a cost of less than 70 EUR/MWh. Around 91% (49 PWh) of this would originate from 23 TW of open-field photovoltaic parks that could occupy up to 578,000 km2 of eligible land across the country. The remaining 9% (4.8 PWh) could be produced by 1.9 TW of onshore wind installations allocated to approximately 68,500 km2 of eligible land that is almost fully adjacent to three mountainous zones. The combination of rooftop photovoltaic and offshore wind turbines account for a very small share of less than 0.03% of the overall techno-economical potential.

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Understanding The Conceptual Definitions of Cost, Price, Worth and Value.

Cited by 10 publications

References 8 publications

Analysis of railway commuting factors and customers patronage in Lagos State, Nigeria

Analysis of railway commuting factors and customers patronage in Lagos State, Nigeria

Causality Validation of Three Marketing Mix Components and Interest in Smartphone Purchase Decisions

The Potential of Variable Renewable Energy Sources in Mexico: A Temporally-Evaluated and Geospatially-Constrained Techno-Economical Assessment

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