-When you price goods and services at price points that make…
-When you price goods and services at price points that make the product appear less expensive than it is, such as $4.99, $999.99, etc, that’s a [X] pricing strategy. -When you establish relatively high prices to maximize profits while there’s little competition, that’s a [A] pricing strategy. -When you set low prices like Walmart, and then not have special sales, that’s a [C] pricing strategy. -When a product is priced low to attract many customers and discourage competition, that’s a [Y] pricing strategy. -When you try to reduce the emphasis on price competition by matching other companies’ prices, that’s a [B] pricing strategy.
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