If a firm wished to encourage repeat purchases by a buyer throughout a year, would a cumulative or a noncumulative quantity discount be a better strategy?

Q: How is the information provided by shadow prices clearly valuable to management?

A: Shadow pricing refers to the pricing actual market value of money to the market fund as the value…

Q: Is subscription pricing likely to be as popular withcust- omers as it is becoming with many product…

A: Organizations should set the price of their product or service by adopting different pricing…

Q: What are the merits and demerits of price skimming strategy ?

A: Price is the amount of money charged by a company from the customer in exchange for selling the…

Q: what is it important to include a policy that outlines the origin and scope of purchasing authority.…

A: To determine: The reason to include a policy that outlines the origin and scope of purchasing…

Q: Should discounts be applied to products that are also in high demand? Justify!

A:

Q: why the chosen price proposed would maximize the revenue?

A: You must sell your old phone or laptop yourself if you want to obtain the top price for it. That…

Q: What are the objectives of Purchasing? Explain any two.

A: 1. Supply Continuity 2. Manage the Sourcing process efficiently and effectively 3. Develop Supply…

Q: What is the name of the discounting method that is used to attract new customers?

A: The discount and allowance facility is particularly important in the selling and distributing of…

Q: What are the activities that salespersons engage in during a typical working day? What are some of…

A: Salespersons are executives of the company who are primarily responsible for conducting sales…

Q: If you sold 100t-shirts at a price of $8 each, how much revenue would you acquire?

A: Every company either produces some goods or delivers some service. In lieu of this, they charge…

Q: Explain, . How would a firm handle a situation where a competitor launches a similar product…

A: Product management is a discipline within business and marketing that focuses on the strategic…

Q: An illustrative example of discount price Mode ( Example by numbers ) after explaining its nature…

A: Lowering the value of a product to stimulate sales may be a common strategy utilized in each space…

Q: Gillette’s pricing scheme is to sell razor handles at a relatively low price and razor blades at a…

A: Gillette’s pricing scheme is to sell razor handles at a relatively low price and razor blades at a…

Q: Customers are more aware when they consider the price as a loss instead of a gain. a. price framing…

A: Pricing Strategy should be created with utmost caution as it is the most significant strategy for…

Q: Explain the total relevant costs of different inventory policies ?

A: Inventory policies incur costs in the form of item costs, storage costs, order costs, and shortfall…

Q: Purchasing for resale is generally associated with industrial purchasing and warehousing. Select…

A: Purchasing for resale is a fundamental aspect of various business operations, involving the…

Q: Please assist  Based on a retail store that sells clothing for the age between 8 and 40 years .…

A: The apparel sector is made up of designers, producers, distributors, and retailers who sell garments…

Q: Mr. Robert took a bag of chips from a super market and noticed to a coupon attached to the bag of…

A: This is an example of immediate reward

Q: What is the difference between a buy order and a purchase requisition?

A: A broker is described as a firm or an individual that works as an intermediary between a securities…

Q: What is the difference between a cumulative and a noncumulative quantity discount?

A: Discounts are promotions that businesses provide to their clients in order to decrease the cost 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: how will Reed’s competitors react to HL Reed's price cut

A: The companies are started by the people to sell their goods and services in order to make money. To…

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.”