Identify the five categories of pricing strategies.

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A: The correct answer usually uses substitutes as common variables for the factors of production.

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A: The c-chart is constructed as follows:

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Q: How digital marketing and social media impact world? Explains and 5 example needed

A:

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A: Franchising is a unique way of entering foreign markets because it needs little financial investment...

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Q: Compare the risks associated with network systems to thoseassociated with centralized IT functions

A: Compare the risks associated with network systems to those associated with centralized IT functions.

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A: Work-in-progress refers to the raw material which is used to produce the finished product.

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Q: In a hardware warehouse, the independent demand for a commonly used bolt is 500 units per month. The...

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A:

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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.”