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.”
Explain the term optional-product pricing?
Pricing -It is the process that a business exercises by setting the price of any product and services at which it will be sold out. It can be a part of the marketing plan.
Pricing is the process where the price or some amount is given to another party by one party as payment for any goods and services.
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