Thursday, January 26, 2012
Comparative Analysis of Pricing Strategies of Qatar Airways Vs PIA
Introduction of the project
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Airline travel became enormous and fast growing industry in the middle of Twenty Century. As there are reasons was behind it like Airline travel boosts Economy, Provide facilities for world Wide trade, business enterprise and make this world too short to cut out distances. Traveling play a vital business in the tourism as the result Airlines are rapidly growing at almost 6 - 7 % yearly based.
The basic concept of this project to find out those objects and Pricing Strategies which are modified by these two huge airlines companies Qatar Airways and PIA. Obviously, that Airline will be considered more efficient, which will maintain its price strategies as well as keep its quality. The major constituent in quality describes the services of the airlines traveling because in these days the world is becoming into services cognizant.
Alike others Three core P’s of the marketing, Price is also greatly important in marketing 4 Ps. As we are taught the importance of the marketing in our life, so at the same time we are described the importance the all indispensable 4 Ps of the marketing. Price is one of the main aspects for the all company as every company has to set price for its tangible or intangibles products. These prices are set in a very sophisticated approach, that the consumers receive pleasant significance of its capital, while the proprietor and all others shareholder acquire some handsome return income on their investment or endeavor.
So in that case it is utilized to set the right price as this component is modified more rapidly to make sustain in the market with the competitors’ change in price. Various airlines use unlike price strategies.
This project is divulge system assume regarding the strategy of pricing by Qatar Airways and PIA .The basic concept count in this project will make of focal point on convenient desires and dissimilar pricing strategies, assumed by the administration and the pricing section in airline industry. The establishment of pricing analysis concerning to the airlines can be defined through with assessment of frequent pricing strategies and pricing tribulations faced by airlines.
This project will define us the rules and regulation about the Pricing strategy. On the other hand this project will indicate the price strategy used by both airline (PIA and Qatar Airways) and emphasize those features by which a single person would like to choose one effectively and efficiently airline. Moreover this project will locate effects of those price or services strategies for PIA and Qatar Airways and predict the auxiliary enhancement, to augment corporation effectiveness. This project will make available a revelation recommendation the prospecting for future airlines growth.
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Author: Mohammad
Mohammad is the founder of STC Network which offers Web Services and Online Business Solutions to clients around the globe. Read More →
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