Is there any truth in the statement, “Geographical pricing schemes will always be unfair to some buyers”? Why or why not?

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: Pricing strategies are often carried out by companies in the industry to maintain their presence in…

A: The companies have to be very careful while fixing the price of the goods and services. It is…

Q: 1. Consider a familiar product, such as Apple’s iPhone. What would you consider to be its next…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Describe three main factors that impact pricing decisions.  You are the Marketing Director of a…

A: The price of the product or services is dependent on several market and business factors that…

Q: icing strategy does a car dealer and an airline use?

A: Pricing strategy is definitely used by all the companies which sell their products and services. The…

Q: Please explain the possible disadvantages of using (1) competition based pricing and (2) consumer…

A: ANSWER:Disadvantage of using Competitive based pricing is: Pricing is dependent on the price of…

Q: What pricing strategy is used by local water utilities to charge water bills?

A: Introduction:  Pricing strategy is a method of setting up a proper price for a product or service…

Q: Value pricing may enhance brand value instead of diminishing it”-do you agree with statement?why or…

A: Price is a psychological concept where it acts as a perceived value in the eyes of the customers.…

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

A: Advantages :

Q: Explain the term Zone pricing?

A: Depending upon geographical locations pricing can be effectively classified to a specific group…

Q: For new products, when is skimming pricing more appropriate, and when is penetration pricing the…

A: Skimming pricing is more suitable or appropriate when there exist enough prospective customers who…

Q: Explain The Power of Dynamic Pricing?

A: Price is the fiscal value fixed by the company on the offered products in the market. It is not only…

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: hink of the various pricing methods - mark-up pricing, target-return pricing, perceived value…

A: The going rate pricing will be most appropriate from the consumer's point. In this pricing method,…

Q: In one question Explain the pricing factor of competitive pricing why does what the competitor…

A: The process of evaluating strategic price points to best take advantage of a product or…

Q: Asap Company XYZ is considering offering a new service in the field of telecommunication, in your…

A: The competitive advantage is defined as the favorable position of the business from where they…

Q: State the Pricing Strategy for Irish spring Bar Soap . There are three main pricing strategies in…

A: Pricing methodology alludes to technique organizations use to value their items or administrations.…

Q: what pricing recommendation would you make to the CEO?

A: Pricing determines that the efforts companies have put in till now will be fruitful or not. The…

Q: Pricing is a challenging task in case of Airline industry due to demand factor. What in your opinion…

A: Pricing strategies: These strategies are used by the organizations to fix prices for their goods and…

Q: Explain.  The Cineteca Nacional offers different box office prices; the price to the general…

A: Pricing strategy is the part of marketing management where competitive prices are set by business.…

Q: What is the importance of competition-based pricing?

A: A pricing approach in which a corporation determines the price for its products after studying the…

Q: Based on your knowledge of pricing concepts, why does Warby Parker stress that the price tag for…

A: Introduction To provide a different option, Warby Parker was founded. We're able to offer…

Q: What is the purpose of Pricing Strategy? Why is it important to charge the right price?

A: Pricing strategy is a method used by the company to label prices on the goods and services provided…

Q: According to the Hanson Production: Pricing for Opening Day Case Study by Peter Famiglietti,  What…

A: The president of production at Hanson Productions, an off-Broadway production company, was faced…

Q: Identify their product ( Rev , Evo ….etc) Chose one strategy ( cost leadership , focus or a…

A: Pricing the offering correctly is one of the most crucial aspects of a business. The pricing…

Q: How is value-of-service pricing calculated? Is this price strategy still applicable today?

A: The value-of-service pricing and determine whether the approach will be valid in the present trends.…

Q: Is dynamic pricing ethical?

A: Dynamic pricing is a type of price discrimination of the goods or services as per the specific needs…

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 should be the best pricing strategy (business level) for education/edible oil sec

A: The marketing strategy is built around the idea that client pleasure is the most important goal.…

Q: What are the benefits of zone pricing?

A: Price is known as the worth which producers attach to the product to sell it at that value in the…

Q: Use Cricket West Indies sports organisation and illustrate a simple price strategy for one of its…

A: Introduction Considering your expenses and applying a mark-up isn't enough to figure out how much to…

Q: What is meant by pricing? Describe any three strategies that can be done by firms if they do not…

A: Pricing is the process through which a business organization sets a price for its product or…

Q: What are the disadvantages of competition-based pricing?

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

Q: Explain Price and Pricing with example and mention four P’s and revenue gathering P?

A: Price and Pricing are both essential components of Marketing mix. Marketing mic refers to the…

Q: A company has two products. One is moderately priced and has fewer number of competitors. The other…

A: The correct option is option a. Do not give discounts for any of these products.

Q: Explain the term Dynamic pricing?

A: Dynamic pricing is also referred to as surge pricing, demand pricing, or time-based pricing. This is…

Q: Does Cath Kidston’s pricing strategy truly differentiate it from the competition?

A: Customers are the key elements of the market and it is very important to fulfill customers'…

Q: What are factors that can help high/low pricing  be successful in the presence of EDLP competition

A: Fixing a price is not an easy task. The whole demand for the product depends on the price…

Q: is pricing policy an appropriate mechanism to control inventory levels? If so how should price be…

A: In an organization, the decisions related to prices are taken at two levels. One is dealt with by…

Q: How Fine-tune the base price with pricing tactics.?

A: Pricing Strategies: When selling a product or service, a company can employ a range of 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.”