price Flashcards
high-end pricing
pricing strategy where products are offered at a premium price, typically higher than their competitors
mid-range pricing
pricing strategy where products are positioned in the middle of the market in terms of price, typically between lower-priced options and higher-priced options
profit margin
percentage of revenue that a company retains as profits after accounting for all expenses
payment on delivery
payment method in which the customer pays for goods or services at the time of delivery
production costs
expenses incurred in the process of manufacturing products
cash discount
reduction in the purchase price offered to a buyer in exchange for prompt payment
quantity discount
pricing incentive offered to customers who purchase products in large quantitites
credit account
type of financial arrangement between a buyer and a seller that allows the buyer to make purchases on credit
VAT
Vallue Added Tax, which is a consumption tax imposed on the value added to products at each stage of production or distribution
price list
catalogues that provides informations about the prices of the products
price war
competitive situation in which rival businesses continuously lower the prices of their products to gain market share
import tariffs
taxes imposed by a government on products imported into a country from abroad
suggested retail price
price recommended by a manufacturer to a retailer to sell a product to consumers
