Define the concept of a percentage

Q: Prove that the following are organizations: McDonalds School A sports team

A: The business system works for the purpose of serving the commercial needs of the market. It is…

Q: Porter’s Five Forces Model (at least 5 each factor) in a corn company

A: Porter five force model:- The Porter Five Forces Framework is a technique for analysing the…

Q: Define selective distribution?

A: Distribution channels includes a retailer, wholesaler or manufacturer. A wholesaler is the one who…

Q: Model of Marketing roles in Circular Flow

A: The circular flow can be explained as an economic framework in which significant transactions are…

Q: Why would consumers try to avoid food waste ?

A: The  consumer are  the only people for whom the business activities are performed. It means they are…

Q: PEROSNAL CENTERED PLANNING

A: Person-centered planning is a process that helps individuals with disabilities or special needs to…

Q: Explain compensating differential

A: An organization consists of various employees who work together for the purpose of fulfilling…

Q: Define the term Analytics and explain its types providing some examples of each.

A: Analytics is the systematic computational analysis of data or statistics. It involves the use of…

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.”