1. How do you price physiological, is it low, moderate or high? please explain briefly your answer. 2. How do you price sociological, is it low, moderate or high? please explain briefly your answer. 3. How do you price psychological, is it low, moderate or high? please explain briefly your answer. 4. How do you price life-cyclical, is it low, moderate or high? please explain briefly your answer.
Customary Pricing
There are various types of pricing strategies followed in the market. They are psychological pricing, odd pricing, free onboard pricing, customary pricing, prestige pricing, dual pricing, ruling pricing, negotiated pricing, mark up pricing, etc. each one can be explained as follows:
Multiple Unit Pricing
“Multiple-unit pricing is a practice where a company offers consumers a lower than unit price if a specified number of units are purchased.”
1. How do you price physiological, is it low, moderate or high? please explain briefly your answer.
2. How do you price sociological, is it low, moderate or high? please explain briefly your answer.
3. How do you price psychological, is it low, moderate or high? please explain briefly your answer.
4. How do you price life-cyclical, is it low, moderate or high? please explain briefly your answer.
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