Untitled Deck Flashcards

(26 cards)

1
Q

Pricing strategies

A
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2
Q

Bundling: Two or more items sold together at one price.

A
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3
Q
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4
Q
A
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5
Q

Psychological pricing: Making a price look lower (e.g.

A

$9.99).

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6
Q
A
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7
Q
A
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8
Q

Skimming price: Start high

A

lower later.

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9
Q
A
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10
Q
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11
Q

Premium pricing: Keep price high to show quality.

A
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12
Q
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13
Q
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14
Q

Promotional pricing: Temporary sale or discount.

A
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15
Q
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17
Q

Competition-based pricing: Match or beat competitor prices.

20
Q

High-low pricing: Regular high price with frequent sales.

23
Q

Penetration pricing: Start low to gain customers fast.

25
26
Cost-plus pricing: Add a markup to the cost to set the price.