How does government actions affect pricing decisions?
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.”
How does government actions affect pricing decisions?
Pricing decision is the decision or choice that the business would make while fixing prices for their services or products. It is the part of the marketing management. Perceived value, bargaining power of the buyers, demand and supply condition, competition, and production and related costs are the factors that would influence the pricing decisions.
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