Like many other food establishments, Denny’soffers a senior citizen’s discount. This is anexample ofa. periodic discounting.b. random discounting.c. differential pricing.d. negotiated pricing.e. senior market pricing.
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.”
Like many other food establishments, Denny’s
offers a senior citizen’s discount. This is an
example of
a. periodic discounting.
b. random discounting.
c. differential pricing.
d. negotiated pricing.
e. senior market pricing.
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