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.”
Price Analysis:
market-driven pricing models
1. Describe the process of market-driven analysis and explain when it would be a useful tool.
2.Describe life cycle costs and the value of the life cycle cost method?
Cost analysis:
3.Define the major types of cost?
4.What is breakeven analysis?
5. Define target pricing and describe when to use such a tool.
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