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.”
Describe the pricing strategies
used when introducing a new
product.
Product & Pricing - It's an object which is manufactured to sell in the market for the public to meet their needs and demands. Also, it's the value of any product or service to be availed by consumers instead of payment.
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