When can you use different pricing strategies and what are their suitable product categories?Instruction:-give examples for each type ? -Answer in one page. -answer the question about only the List of 7 strategies are listed in the image. Price Adoption StrategiesStrategyDiscount and allowance pricingSegmented pricingPsychological pricingPromotional pricingGeographical pricingDynamic pricingInternational pricingDescriptionReducing prices to reward customer responses suchas volume purchases, paying early, or promoting theproductAdjusting prices to allow for differences in customers,products, or locationsAdjusting prices for psychological effectTemporarily reducing prices to spur short-run salesAdjusting prices to account for the geographic locationof customersAdjusting prices continually to meet the characteristicsand needs of individual customers and situationsAdjusting prices for international markets

Product pricing strategy refers to the process by which you need to decide the amount that you are…

When can you use different pricing strategies and what are their suitable product categories? Instruction: -give examples for each type ? -Answer in one page. -answer the question about only the List of 7 strategies are listed in the image.

When can you use different pricing strategies and what are their suitable product categories? Instruction: -give examples for each type ? -Answer in one page. -answer the question about only the List of 7 strategies are listed in the image.

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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