ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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psychological pricing
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promotional pricing
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one-price policy
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flexible pricing promotion
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Detailed explanation-1: -Three common B2B pricing strategies are Value-Based Pricing, Cost-Plus Pricing, and Competitor-Based pricing.
Detailed explanation-2: -What Is Promotional Pricing? Promotional pricing is a sales strategy in which brands temporarily reduce the price of a product or service to attract prospects and customers. By lowering the price for a short time, a brand artificially increases the value of a product or service by creating a sense of scarcity.
Detailed explanation-3: -Today, consumers are price takers and accept prices at face value or as given. Customers usually have a lower price threshold below which prices signal inferior or unacceptable quality, as well as an upper price threshold above which prices are prohibitive and the product appears not worth the money.
Detailed explanation-4: -Cost-based or cost-plus pricing. Market-based pricing. Value-based pricing. 13-Oct-2020