Pricing methods 5.0 / 5 based on 1 rating ? Business Studies & EconomicsPricing methodsASEdexcel Created by: Charlotte_WCreated on: 14-04-14 15:57 7632541 Across 1. Setting a price at a loss to get people into the store, hey then might buy more. E.g. Milk (4, 7) 5. The act of lowering the price temporarily in order to enhance sales. It might also be used to promote a new/particular product line. (11) 6. You charge the amount to cover production costs, plus extra for profit. It may not be a competitive price. (4, 4) Down 2. Setting a higher price to boost profits, eventually drop prices (5, 8) 3. Setting prices to appeal to customers e.g. 95p instead of £1 (13) 4. Setting a low price to boost sales to break into the market. (11) 7. Changing the price depending on the buyer, and their order size and/or geographical. E.g. Bus tickets (14)
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