Che and yuni meet every morning to talk about the news, weather, and sports. They meet at the same coffee shop because they receive a senior citizen discount that saves them some money. Which pricing objective does this best represent?

Q: ZAMA Sports Club, is opening an exquisite new gym with a luxury spa within the city centre of Leeds…

A: ZAMA Sports Club in Leeds is planning to open a new luxury gym with a spa to attract…

Q: Which of the following options best describes the going rate pricing technique? Sets prices high…

A: The objective of the question is to identify the correct description of the 'going rate pricing'…

Q: What are different factors that should be considered by marketers before deciding price of the…

A: The price a business charges needs to take account of, and be consistent with, the objectives of the…

Q: In Vietnam, most bookstores do business based on selling books. The book price is listed - (price on…

A: The structured balancing act of setting the best prices for goods or services in a cutthroat market…

Q: Dairy Products (DP) is a privately owned company operating a network of small supermarkets…

A: Effective internal controls are essential for the smooth and efficient operation of any…

Q: Sellers can influence or use consumers' reference prices when setting their product prices. * True

A: Sellers can influence or use consumers reference prices when setting their product prices.

Q: What assumptions about J.C.Penny’s 5C’s (Customers, Competitors, Collaborators, Context, and…

A: Renowned American department store brand J.C. Penney boasts a rich history spanning more than a…

Q: The local 99 cent store, whose product prices are capped at 99 cents, is capitalizing on a price…

A: A consumer will respond more favorably to a product that costs $99 than $100 because they are…

Q: Compare the menu prices of two fast-food restaurants and two fine-dining restaurants. Identify the…

A: DISCLAIMER: Please note that actual menu prices and pricing strategies can vary widely based on…

Q: What is the formula for computing the Ordering cost for the current ordered quantity? GIve examples

A: Find the formula for ordering cost and Ordered quantity:

Q: When using this approach, the retail price is determined by adding a fixed

A: A marketer uses a pricing strategy to set up the best possible price for a product or a service. It…

Q: Exel Division is part of the Supeer Group. It produces a basic fabric that is then converted in…

A: Transfer pricing is the process of fixing the prices for goods, services, or intellectual property…

Q: Pricing decisions, like other marketing mix decisions, must start with customer value. O True False

A: In marketing, pricing decisions are crucial as the customers buy a product that has perceived value…

Q: An approach services use to set prices according to changing market conditions is known as

A: Price is the monetary value assigned to a good or service, and it is the outcome of a complicated…

Q: What other factors besides the base selling price established by pricing formulas must operators…

A: The setting up a restaurant is quite expensive, and a large amount of investment is required with…

Q: Question 1 UMU has demand for 1400 water pumps each year. The cost of a water pump to UMU is $400.…

A: Given data  Annual demand of water pump (D) = 1400 units  Cost of a water pump = $400 Inventory…

Q: I am planning a Holiday Ornament to commemorate the christmas spirit. Forcasted demand for ornaments…

A:

Q: University Book Store purchases women's polo shirts from a supplier according to the pricing…

A: Economic order quantity = [ 2 x annual demand x ordering cost / holding cost of a unit per year]1/2…

Q: In the basic price list functionality, this term can be used to described discount structures and…

A: Pricing Strategy  is   the  method or a tool that the organisation use to set the  prices  of   it's…

Q: 19. Charging a very low price for the blower, but a premium price for the blankest might make sense…

A: Cognitive Product Pricing : 1. Cognitive Product pricing is a process of decision making , based on…

Q: When appropriate and space permits, the price strategy section of a marketing plan would include a…

A: The pricing strategy in a marketing plan includes the estimation of the cost of a product or…

Q: Gabby manufactures t-shirts and sells them for for $29.99. sales aren't as high as she would like,…

A: Price cutting is a marketing strategy which means the company lowers the price of the cut. This is…

Q: We have demand for a product with 1500 units/month. The vendor offers quantity discounted method for…

A: Annual demand (D) = 1500×12=18000 Units Order cost (S) = $10 + $3 = $13 per order Warehouse rent fee…

Q: Assume that Hardee has no loaded backhaul to return the vehicle and driver to Pittsburgh. How would…

A: Businesses need to understand and control their costs so that they can make intelligent decisions on…

Q: Your widget factory requires GWium for polishing. GWium is expensive but worth it and a little goes…

A: Given Information: Each widget requires 0.1 ounces of GWium to produce  Supply contract: 10,000…

Q: In preparing for the upcoming holiday season, Fresh Toy Company (FTC) designed a new doll called The…

A: Following is the model in Excel: Formulas used:

Q: cuss the following issue regarding Digital Courses  Pricing issues. Revenue Models

A: Below mentioned are the Digital courses advantages: 1. Digital course offers the advantage of…

Q: Background of the problem. 2. Statement of the problem.

A: The hotel has been set up at a  secured place, convenient location and at reasonable rates. The…

Q: Required: What is the effect on the average cycle inventory and the pipeline inventory of the…

A: Introduction: The term Business refers to an exchange of goods and services between the buyer and…

Q: a retail store wants to optimize its inventory management. they have data on sales, inventory levels…

A: Proper inventory management in today's cutthroat retail environment can dramatically impact a…

Q: DAY 5 Reconsider your pricing against ALL relevant factors. Carefully consider your revenue model…

A: Note: The answer has been framed in a generalized manner.   A corporation or enterprise that offers…

Q: The Dunkin' Donuts (DD) mobile app lets you Order-on-the-Go. You simply select the beverages and…

A: Introduction Order-on-the-go is a kind of advanced technology used by the organizations today to…

Q: "Flash Fabric Sale! Up to 70% off in November on fabrics at all SKAFF branches". This is an example…

A: The first scenario which states that "Flash Fabric Sales! up to 70% off in November on fabrics at…

Q: A bakery sells pretzels. The fixed costs come to $8,750.00 per month. It costs 25 cents to make each…

A: Given-   Fixed costs = $8,750.00 per monthVariable cost = 25 cents = $0.25 per pretzelSelling price…

Q: What are the four types of products and services QuickBooks Online uses

A: Products and services are the company's offerings to prospective customers by which they earn profit…

Q: Walmart's is one of the major companies that has established a low cost in the supermarket industry.…

A: Walmart Inc. (WMT) works an overall organization of retail locations just as an online business. The…

Q: Profit-Oriented Pricing Approaches This activity is important because choosing the correct price has…

A: In general, profit is referred to as the amount gained by selling a product, which should be more…

Q: ROPO, a model you have been familiar with where the majority of the customers in our country search…

A: ROPO stands for research online, purchase offline model. Customers search for product information or…

Q: Need help with both questions .There are three main types of packaging: primary packaging, secondary…

A: 2. When a car manufacturer employs headline pricing for a basic model and then charges premium…

Q: A tennis racquet manufacturer has been very successful in manufacturing and marketing a single line…

A: ANSWER: 1) The company expansion in selling different types of products like : tennis balls. 2) YES,…

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.”