Pricing Flashcards
0
Q
What is demand orientated pricing
A
If there is a low demand price is low if there is a high demand pricing is high
1
Q
What is competitor pricing
A
Price of product or service is based on prices of rivals
2
Q
What is destroyer pricing
A
Keeps prices low to eliminate customers then Highers it up
3
Q
What is promotional pricing
A
When price is low for a short time then back to normal
4
Q
What is skimming pricing
A
Increases price then over time slowly lowers it
5
Q
What is penetration pricing
A
Keep price low till established in market
6
Q
What is price
A
Amount customer is charged for a product
7
Q
What is cost
A
Expenses of a firm
