Machine run costs Cost to market the product Machine depreciation Cost of storage Material handling costs Insurance costs Cost of materials Cost of product sales force Overtime expenses Engineering drawings Machine operator wages Machine labor Utility costs Cost of tooling and fixtures Support (administrative) staff salaries

Q: How should marketing managers view the consumer, and how will this view of the consumer help them to…

A: consumer behavior is the study of individual and group of customers, how they make the buying…

Q: What would be the best questions comparing potential market, available market, qualified available…

A: Note: The answer has been framed in a generalized manner.The systematic method of looking through…

Q: Hammerpress o compete in product categories where the market dictates a price that is not profitable…

A: It may not make sense for Hammerpress to compete in product categories where the market dictates a…

Q: Describe the three forms of efficient markets hypothesis. Specify which of the three forms allows…

A: 1. Weak formthe three versions of the economic market hypothesis are entirely different degrees of…

Q: Define direct costs and indirect costs. Why do managers consider direct costs to be more accurate…

A: Cost is the monetary value spent on producing a product or a service. It does not include the…

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.”