Discuss pricing methods for selected 5 brands and justify your selection of method

Q: What are the advantages and disadvantages of that pricing strategy Levels of Pricing?

A: Advantages :

Q: How would you serve this target market? What is a suitable marketing plan? Specifically, what…

A: In the age of ever-advancing technology, the concept of the smart home has transitioned from science…

Q: With reference to diversification, internationalisation and merger/acquisition theory, explain the…

A: Hisense Group is a Chinese manufacturer of electronics which is headquartered in Qingdao, China and…

Q: Discuss the different factors that affect a firm's pricing strategy decision?

A: A firm's pricing policy should be influenced by the following factors: External Factors    Certain…

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.”