Saturday, April 17, 2010

Pricing

The Bloomberg terminal cost is $1,500 and the monthly fee is $1,500 per month.
Bloomberg biggest competitors are Dow Jones and Company inc , Interactive Data Corporations (idc) and Thomas Reuters Corporations (tri). Bloomberg L.P. trumpets over their competitors by the billions. The price for his services is based on it's unique structure and the large amount of offers that is installed for their clients. The companies that are against Bloomberg is unable to reach such a profound level. Bloomberg could potentially raise the price for his services at any giving time. When a business knows the power that they posses choosing a price is not an issue. Even though America is going through this quote on quote "depression and job lose and etc..." ; Bloomberg L.P. net income manages to stay in the billions. People within the Bloomberg target segment will pay a ridiculous amount money for his package deal. why ? because in the business world, you have to spend money to make money. Obviously the majority of his client are well off to begin with !

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