Buyer incentives

Question 1

Have you given any thought to our pricing strategy?

Answer 1

I suggest offering it a lower price.

Question 2

Does pricing change depending on the company’s goals?

Answer 2

Absolutely.

Question 3

Are there different ways to set prices for products?

Answer 3

Yes, that’s a pricing strategy

Question 4

What’s one of your company’s pricing strategies?

Answer 4

They usually go for a “buy 3 -pay 2” campaign

Question 5

best, finest, top

Answer 5

premium

Question 6

cheap, budget, reduced

Answer 6

economy

Question 7

enter into a market

Answer 7

penetrate a market, market penetration

Question 8

take from the top

Answer 8

skim

Question 9

plan, develop

Answer 9

devise

Question 10

used a lot

Answer 10

used extensively

Question 11

implement, take on, accept

Answer 11

adopt

Question 12

be more important

Answer 12

outweigh

Question 13

(pay) in advance

Answer 13

pay up front

Question 14

Do you think skimming implies high or low prices?

Answer 14

The product is introduced normally at a very high price and then they start reducing it significantly.

Question 15

Which strategies do you think are used extensively (by company)?

Answer 15

Pricing penetration is the most commonly used one.

Question 16

How would you price products to penetrate a new market?

Answer 16

What businesses normally do is to set low the prices when introducing to a new market.

Question 17

Before devising a pricing plan, what information would you want?

Answer 17

When you develop a plan based on prices, it’s important to focus on the quality.

Question 18

When you are shopping, does quality outweigh price?

Answer 18

Of course, quality is way more important than the price.

Question 19

Do you ever pay up front for your purchases?

Answer 19

No, I never pay in advanced.

Question 20

What about pricing specifically for online market?

Answer 20

The freemium model: they launch the product with basic features, and you have to buy more in order to enhance those features.