The Role Mechanism of Social Preferences and Price Advantage in the Market Economy

In today's market economy environment, social preferences and price advantage, as two core driving forces, directly influence market operation and development trajectories. As consumer demand becomes increasingly diversified, social preferences intuitively reflect deep-seated cultural identity and value orientations, even guiding market trends. Price advantage, as the cornerstone of market competition, also impacts corporate production and development. These two elements intertwine: social preferences infuse emotional and cultural content into pricing strategies, while price advantage becomes an effective means to satisfy social preferences and achieve market penetration. A deep understanding and skillful application of these mechanisms are crucial for companies to navigate the complex and ever-changing market environment and achieve sustainable development.

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Publication Details

Journal
Frontiers in Business Economics and Management
Published
2024-09-30
DOI
https://doi.org/10.54097/v4vwan64
Primary Topic
Economic and Technological Developments in Russia
Type
article
Field-Weighted Citation Impact
0.00
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article

The Role Mechanism of Social Preferences and Price Advantage in the Market Economy

Youxiang Qi
Frontiers in Business Economics and Management
Economic and Technological Developments in Russia
article

The Role Mechanism of Social Preferences and Price Advantage in the Market Economy

Youxiang Qi
article en

Abstract

In today's market economy environment, social preferences and price advantage, as two core driving forces, directly influence market operation and development trajectories. As consumer demand becomes increasingly diversified, social preferences intuitively reflect deep-seated cultural identity and value orientations, even guiding market trends. Price advantage, as the cornerstone of market competition, also impacts corporate production and development. These two elements intertwine: social preferences infuse emotional and cultural content into pricing strategies, while price advantage becomes an effective means to satisfy social preferences and achieve market penetration. A deep understanding and skillful application of these mechanisms are crucial for companies to navigate the complex and ever-changing market environment and achieve sustainable development.

Frontiers in Business Economics and ManagementVol. 16(3)
Life in Land
Openalex Percentile: Top 64%
Economic and Technological Developments in Russia
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