candlewood suites hotels  What pricing options/ approaches does the organization utilize or promote?

Q: What are geographical pricing strategies which one is best.?

A: Geographical pricing can be explained as the pricing strategy used to price the goods or services…

Q: Is subscription pricing likely to be as popular withcust- omers as it is becoming with many product…

A: Organizations should set the price of their product or service by adopting different pricing…

Q: How does off-peak pricing influence demand for services?

A: It is a pricing technique to influence the customer for the subscription of the product or service…

Q: T.How does market competition influence pricing strategies and consumer choices?

A: Market competition plays a pivotal role in shaping pricing strategies and influencing consumer…

Q: Discuss why a restaurant chain might employ a discount menu as a pricing option.

A: Pricing of the goods or services is done by using a pricing option technique. Pricing option helps…

Q: the price distribution cost of mini cheesecake in a restaurant

A: The price distribution cost of mini cheesecake in the restaurant can be done by marketing and its…

Q: 7) Explain how the pricing of microwave ovens has changed over time as the product goes through its…

A: "Since you have posted multiple questions, we will provide the solution only to the first question…

Q: How would a business/organization apply variant pricing in their organization to cater to multiple…

A: In an increasingly globalized and competitive business landscape, organizations often face the…

Q: Explain how CRM does more than storing customers’ information, as it provides key value to…

A: CRM (customer relationship management) solutions offer salespeople valuable tools and insights that…

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.”