At the core of the concept of the "Circular Economy" is the idea that -CONSUMERS NEED TO MAKE SACRIFICES IN TERMS OF PRODUCT FEATURES AND COSTS FOR THE SAKE OF THE ENVIRONMENT -PRODUCTS SHOULD BE CONSIDERED TO HAVE A "LIFE CYCLE" THAT CONSISTS OF A BEGINNING, MIDDLE, AND END -PRODUCTS SHOULD BE SEEN AS "LIVING" ORGANISMS THAT PROCESS 'NUTRIENTS' THAT ARE FED BACK INTO THE SYSTEM
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.”
At the core of the concept of the "Circular Economy" is the idea that
-CONSUMERS NEED TO MAKE SACRIFICES IN TERMS OF PRODUCT FEATURES AND COSTS FOR THE SAKE OF THE ENVIRONMENT
-PRODUCTS SHOULD BE CONSIDERED TO HAVE A "LIFE CYCLE" THAT CONSISTS OF A BEGINNING, MIDDLE, AND END
-PRODUCTS SHOULD BE SEEN AS "LIVING" ORGANISMS THAT PROCESS 'NUTRIENTS' THAT ARE FED BACK INTO THE SYSTEM
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