Pricing Strategies 0.0 / 5 ? Applied BusinessMarketing MixA2/A-levelEdexcel Created by: Leila HarrisCreated on: 22-05-17 11:30 7243156 Across 1. When sellers combine several products in one package. (7, 6, 7) 4. Used when the market want the consumer to respond on an emotional basis, rather than a rational one. E.g. '£3.99' instead of '£4.00' (13, 7) 5. Selling a product at a high price, sacrificing high sales to gain a high profit. E.g. electronics when first introduced. (5, 8) 6. Where there is a range of product or services, the pricing differs for each product. E.g. small, medium, large. (7, 4, 7) 7. The price is set deliberately low in order to increase market share, and after this the price is increased. E.g. utilities (11, 7) Down 2. The cost of manufacturing and marketing are kept at a minimum. E.g. own-brand goods from supermarkets. (7, 7) 3. Placing higher prices on products that are unique in some way. High Price= High Quality. E.g. Iphones (7, 7)
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