Distinguish between a selling price variance and a sales volume variance

Q: Describe the process of setting a Price on a Product?

A: Pricing decision making is essential for business to get their sales and profits maintained in the…

Q: Reverse auctions Multiple Choice O put downward pressure on prices. have an increasing number of…

A: A reverse auction process is based on the system of procurement, where in sellers must fulfill the…

Q: lérs usually under product bundle pricing mix various products and provide the package at higher…

A: Yes, Its True!   Price bundling, also product bundle pricing, is a strategy that retailers use to…

Q: Outline three types of pricing tacticsused by marketers.

A: Pricing tactics can be explained as pricing strategy which helps them to increases the sales,…

Q: Discuss the importance of a concrete, well written proposals and establishing buyer vendor…

A: The basic relationship of a buyer and the vendor is based on the sales representatives who are…

Q: What are the longer-run Implications of cut the price strategy for sales manager and the business…

A: Pricing strategy Pricing strategy refers to the process by which businesses price their goods or…

Q: What role does market segmentation have in price structure?

A: Market segmentation means to divide the market on the basis of shared similar characteristics and…

Q: and life-cycle costing vary

A: Talking about the sales life cycle then, it is the life cycle of sales of product of the company…

Q: . What is the difference between a list price and a market price?

A: The pricing is process which deals with the purpose of price determination for business produced…

Q: What is the Demand Determinant of Price?

A: Pricing is the process in which business has to ensure optimal price setting for the purpose of…

Q: what is the difference between direct cost and product cost

A: Product Cost: Product costs are the direct charges concerned in producing a product. A producer, as…

Q: Discuss the importance of pricing decisions to the economy and to the individual firm

A: Price refers the amount which a seller charges and a buyer pays for using a product or service. The…

Q: What role does customer satisfaction research play in shaping pricing strategies and competitive…

A: Customer satisfaction research is an organized approach to gathering, analyzing, and deciphering…

Q: Explain value at Risk as a measure of market risk and the key elements involved when interpreting…

A: It is a statistical measure for the riskiness of financial entities or portfolios of assets.  Or…

Q: Describe the relationship betweensatisfaction, repeat purchase, andcustomer commitment.

A: Products and services are sold as per the requirements of the consumers in order to serve them…

Q: What are the various pricing techniques that a company may use to alter market patterns?

A: A company's pricing policy is the approach it uses to sell its goods in the industry. The below are…

Q: Explain The Importance of Price to Marketing Managers?

A: Marketing managers have the duties and responsibilities for development, implementation and…

Q: Explain Subsequent Prices?

A: Subsequent prices - these are the prices which includes the price of a product after arising of the…

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.”