BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Companies can choose many ways to set their prices. We’ll examine some common methods you often see. Many stores use cost-plus pricing, in which they take the cost of the product and then add a profit to determine a price. Cost-plus pricing is very common.

Detailed explanation-2: -A gray market is a trade that legally sells new products outside of a company’s authorized distribution channels. This can include more expensive products, such as software, cars and pharmaceuticals, as well as retail goods, like shoes, clothing and electronics.

Detailed explanation-3: -•Odd pricing is a pricing tactic in which a firm. prices products a few cents below the next. dollar amount. •Firms that use odd pricing still need to. consider the impact of price elasticity of.

Detailed explanation-4: -Geographical pricing is a practice in which the same goods and services are priced differently based on the buyer’s geographic location. The difference in price might be based on the shipping cost, the taxes each location charges, or the amount people in the location are willing to pay.