. What are the various factors that influence the pricing decisions in detail?

Q: What are geographical pricing strategies which one is best.?

A: Geographical pricing can be explained as the pricing strategy used to price the goods or services…

Q: Describe the psychological pricing techniques and give examples

A: Psychological pricing is a technique which is used by the companies to hit the subconscious mind of…

Q: 2.List the factors that influence pricing decisions, and explain break-even analysi

A: Price is the amount a person pays for a good, service or any idea. This is the amount for which the…

Q: Is there any truth in the statement, “Geographical pricing schemes will always be unfair to some…

A: Pricing: It means the fixation of value for the goods and services sold by the producers. The value…

Q: Legal and Ethical Issues on Pricing Policies & Practices 1.Select a current legal and ethical issue…

A: Since you have posted more than one question we will solve the first three interlinked questions for…

Q: 2 Name and discuss the pricing strategies. Discuss each one with giving example of some companies…

A: Marketers use the 4 P's strategies for products and 7 P's strategies for services in order to…

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

A: Advantages :

Q: e main (most important) way that Cost-Based Pricing is different from Customer Value-Based Pricing?…

A: The most important way in which the cost based pricing is different from customer value based…

Q: What circumstances in pricing a new product might support skimming or penetration pricing?

A: Pricing means fixing or determining a price for the products or any services to sell it to the…

Q: M/s. Reliable Incorporates wants you to assist in pricing strategy and ensuring how could it reach…

A: The various pricing strategy which a marketer can make use for their products to increase the…

Q: Why is it important to determine pricing objectives before pricing goods and services?

A: Organization priced their products based on their motives. If the organization wants to generate…

Q: What factors influence the pricing decisions for a product such as Glitzz? Analyze these factors and…

A: Glam & Glitz, a beauty salon, is my new enterprise that can provide extremely promising service…

Q: What goals does pricing strategy help anot-for-profit organization achieve?

A: Pricing is keep a monetary value on the exchange of the product of services created by the company.…

Q: What are some similarities and differences be-tween skimming pricing, prestige pricing,…

A: Skimming pricing indicates towards a strategy in which the product price is set high for the initial…

Q: What is the purpose of Pricing Strategy?

A: For a business to succeed, it must have an operational product pricing system. There are various…

Q: List the Pricing Objectives?

A: Setting prices for your products or services is more complicated than a simple calculation. Prices…

Q: What are the must have questions to prove the acceptability of organic product's pricing?

A: Product pricing: Product pricing refers to setting a value to the product or a service. It is a part…

Q: List the factors that influence pricing decisions, and explain break-even analysis.

A: Pricing is a vital constituent of a company's marketing mix. Pricing is an important element in…

Q: To maximize brand equity, the pricing strategy must be decided based on the customer’s perception of…

A: The above statement is true.  Brand equity describes how the value of the brand is determined by…

Q: Name and describe the two types of value-based pricing methods

A: A value based pricing method means to set a price for the consumer at the  primary level not to the…

Q: Assist in pricing strategy and ensuring how could it reach to the clients thereby wanting to…

A: The pricing strategy is a method that is used to price a company’s product and service. Almost…

Q: In pricing a new product, what circumstances might support skimming or penetration pricing?

A: As a product progresses through its product lifecycle, its pricing strategy is likely to alter. One…

Q: Explain the six-step process in setting company’s pricing policy with proper example?

A: One of the primary objectives of setting prices is to maximize profits. This can be done by…

Q: Identify and define the other important external and internal factors affecting a firm’s pricing…

A: Price is the element of 4Ps or Marketing Mix. The component of marketing mix is used to generate…

Q: What are the practical problems in applying price theoryconcepts to actual pricing decisions?

A: Pricing a product or service refers to the establishment of a selling price for a product or service…

Q: Why is pricing decision important?

A: After the product has been manufactured, pricing is a crucial consideration. The product's future,…

Q: What are some similarities and differences between skimming pricing, prestige pricing, and…

A: `Retailers use different pricing strategies according to the need of the situation. Every pricing…

Q: 3. As the marketer of your own professional services, you are responsible for price settin Thus, it…

A: Negotiated pricing strategy means that the customer is free to negotiate the prices set by the…

Q: Why do customers associate price with quality?When should prestige pricing be used?

A: It is always perceived that setting a high price for a product cab be painful for the customers and…

Q: ovide an example from

A: Pricing is the process of determining the value that a manufacturer will receive in exchange for…

Q: Why does a real-time pricing schedule help the environment? Give two reasons

A: The benefits of Real-time pricing schedule to the environment are explained below in the following…

Q: What is the pricing strategy in restaurants and cafes?

A: Restaurants and cafes are a kind of limited business because, unlike other IT and technology…

Q: Question: How can customers affect pricing decisions and how important are the customers in pricing…

A: A customer will always compare the prices of a company to those of its competitors. If the product…

Q: A round-trip economy seat on a flight from New York to London might O a. psychological pricing O b.…

A: Pricing is a method to attach a value to a product that the manufacturer of the product will receive…

Q: Name and describe the two broad new product pricing strategies. When would each be appropriate?

A: Pricing strategies usually change as the product passes through its life cycle. The introductory…

Q: How will the buyer and seller relationship exist or maintain?

A: A transactional orientation of marketing refers to a marketing approach in which the marketers are…

Q: Discuss the three shortcomings of usingbreakeven analysis in pricing decisions.

A: Break-even analysis is a useful and popular tool for a wide range of businesses, including…

Q: 4 Discuss product line pricing?

A: The development of a company's product line is closely related to the company's product mix.…

Q: Name the types of pricing associated with business products?

A: For business products, the pricing strategy differs to a great extent from consumer products. The…

Q: Not surprisingly in this context, many businesses are struggling with pricing. As there are many,…

A: Marketing is an activity which the firm takes up to make customers. For this marketing strategies…

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.”