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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

Describe two specific pricing strategies in each category.

Summary Introduction

To determine: The two specific pricing strategies in each pricing strategies.

Introduction: Price frames a vital constituent of the showcasing blend and is for the most part administered by the organizations pricing objectives, which is intelligent of the marketing, money related, product and vital objectives, alongside the consumer price desires, the current stock, the manufacturing facility and the related price elasticity.

Explanation

The two specific pricing strategies in each pricing strategies are as follows:

  • Disparity pricing: It utilizes arbitrary discounting and negotiated pricing.
  • Promotional pricing: It utilizes unique occasion pricing and price pioneers...

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