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- View the Talks
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1. Fundamentals of pricing and value
- Dr. Dionne Boyd
-
2. Consumer perception of value
- Dr. Dionne Boyd
-
3. Pricing strategies
- Dr. Dionne Boyd
-
4. Communicating value
- Dr. Dionne Boyd
-
5. Value innovation
- Dr. Dionne Boyd
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6. Measuring and adjusting price and value
- Dr. Dionne Boyd
Printable Handouts
Navigable Slide Index
- Introduction
- Introduction to the topic
- About me
- Price, value & cost
- Price
- Types of prices
- Cost
- Key aspects: Cost is the starting point for pricing
- Types of costs
- Key aspects: Demand impacts price
- Example of the law of demand
- Price elasticity of demand
- Elastic products
- Inelastic products
- Key aspects: Supply impacts pricing
- Key aspects: Market equilibrium impacts pricing
- Key aspects: Competition
- Value
- Perceived value
- Economic theories
- Classical theory
- Fundamental principles: Invisible hand
- Example of invisible hand theory
- Fundamental principles: Laissez-faire
- Example of laissez- faire
- Fundamental principles: Supply and demand
- Example of supply and demand
- Fundamental principles: Comparative advantage
- Example of comparative advantage
- Neoclassical theory
- Concepts in neoclassical theory
- The relationship between price, value, and cost
- In closing
- Thank you
This material is restricted to subscribers.
Topics Covered
- Types of prices
- Types of costs
- Elastic and inelastic products
- Economic theories
- Relationship between price, value, and cost
Links
Series:
Categories:
External Links
Talk Citation
Boyd, D. (2025, July 31). Fundamentals of pricing and value [Video file]. In The Business & Management Collection, Henry Stewart Talks. Retrieved September 13, 2025, from https://doi.org/10.69645/HPZY7751.Export Citation (RIS)
Publication History
- Published on July 31, 2025
A selection of talks on Strategy
Transcript
Please wait while the transcript is being prepared...
0:04
The concepts of price,
value, and cost are
fundamental in
economics and business.
These terms, though often
used interchangeably,
can have distinct meanings
and implications.
This series aims to
clarify these concepts and
explore the intricate
relationships between them.
By understanding
the differences and
connections between
price, value, and cost,
businesses and consumers can
make more informed decisions.
0:36
My name is Dr. Dionne
L. Boyd, aka Dr. B,
aka The Money Chick.
I'm a global professor,
curriculum writer,
and course developer for
over 45 different classes
in higher education,
in the areas of marketing,
business, entrepreneurship,
fashion, and consumer behavior.
I am also CEO and founder of
Image Architects and Management,
a global marketing
agency specializing in
luxury and experiential
marketing,
creating highly elevated
and curated experiences and
events for luxury
retail companies,
brands, businesses,
and professionals.
My clients include
Neiman Marcus and
Intercontinental
Buckhead Atlanta.
My company also offers
education consulting,
curriculum writing,
course development,
workshops and more to
universities and educational
programs across the globe.
Such as Polimoda in
Florence, Italy,
AMD in Berlin, Germany,
LIM College in New York City,
Southern New
Hampshire University,
and SCAD Atlanta.
You may learn more
about my agency by
simply visiting our website.
Feel free to also connect
with me on LinkedIn,
you can find the ink in the tab.
Now, let's get started
on this series,
the dynamics of price and value.