Please assist Based on a retail store that sells clothing for the age between 8 and 40 years . Identify your predominant price strategy, apart from odd pricing, that you intend to use. Justify your choice. Explain how you intend to limit the number of mark-down.
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.”
Please assist
Based on a retail store that sells clothing for the age between 8 and 40 years .
Identify your predominant price strategy, apart from odd pricing, that you
intend to use. Justify your choice.
Explain how you intend to limit the number of mark-down.
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