What are the various pricing tactics that a business can use?
What will be an ideal response?
Businesses can use markup pricing where they take their costs of a product or service and add a profit margin to it to come up with the final price. Odd pricing involves pricing an item a few cents below a whole dollar amount (like $9.95 instead of $10), whereas even pricing sets prices at even dollar amounts. A company could use a prestige pricing strategy, where prices are higher than those of competitors to get the customers to perceive that a product's quality is greater. Depending on the company and product, seasonal discounts can be used to get customers to purchase products or services during the out of season period. Loss-leader pricing involves selling a product at a loss in hopes of attracting customers who will purchase additional items to make up for the loss-leader item. Lastly, a company could use price bundling: a pricing tactic where two or more products are packaged and sold together for one price.
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When a new partner is admitted, the old partnership agreement is still in effect
Indicate whether the statement is true or false
All of the following statements about the businessowners policy are true EXCEPT
A) Coverage for business personal property includes coverage for leased personal property which the named insured has a contractual responsibility to insure. B) The amount of insurance on the buildings increases by a stated percentage each year. C) Additional coverages include pollutant cleanup and removal. D) The policy must be written with a deductible of at least $2,000 for property losses.
What is turnover?
What will be an ideal response?
Hope consists ofÂ
A. willpower and waypower. B. self-confidence and kindness. C. dependability and compassion. D. faith and charity. E. optimism and creativity.