Discuss arguments for and against setting high discount rates.

Q: What are the major cost components that must be consideredwhen pricing out a piece of equipment? How…

A: Cost of production refers to the total cost incurred by a business to produce a number of goods or…

Q: You are a buyer's agent. Your buyer client says, "The seller must answer my offer first because it…

A: The objective of the question is to understand the correct response to a buyer's misconception about…

Q: Angie needed a new refrigerator after her old one stopped working and couldn’t be repaired. At the…

A: Bundling is when businesses combine some of their goods or services together as a single combined…

Q: Consider the following information for a particular company and calculate the gross profit…

A: Step 1:Computation of the gross profit:Gross profit = Sales-Cost of goods sold=…

Q: Explain how to price managerial and professional jobs.

A: The jobs of the professionals and the management needs a combination of skills, education,…

Q: A dress is currently on sale for $53.49. If the markdown percent is 23%, what was the original price…

A: * Let the original price be X $  *  The markdown percent given is 23 %  * The dress is currently…

Q: Discuss the difference in fixed and variable costs and give a variety of examples

A: Cost is the value of money used to produce something or delivering services to the targeting…

Q: Please follow the instructions down below

A: A business plan is a document containing goals and objectives of the business and the strategies to…

Q: Jason takes out a $10,000, 180-day, 4% simple discount note. Match the values to the respective…

A: A short-term debt issued at a discount to par is known as a simple discount note. This means that…

Q: Treasury bills Certificates of deposits Commercial paper

A: Financial instruments are the monetary contracts between parties that can be traded, or be seen as…

Q: Identify & explain 5 scenarios where an offer ends.

A: Offers and incentives can be an effective way to offset the 5% to 10% of your customer base that…

Q: SHR Corporation is a midsize, publicly traded direct marketer and retailer of outdoor sporting goods…

A: In the dynamic landscape of global business, organizations such as SHR Corporation face a myriad of…

Q: In our modern world, in which fewer people carry actual cash, what benefit to the seller does a cash…

A: A cash discount is a reduction in the price that is paid to purchase a product or service in case…

Q: You are given the following information regarding sales and inventory levels over time for your…

A: Inventory management includes all those activities that help the inventory manager in maintaining…

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.”