Pricing methods 5.0 / 5 based on 1 rating ? Business Studies & EconomicsPricing methodsASEdexcel Created by: Charlotte_WCreated on: 14-04-14 15:57 4563217 Across 1. Setting a price at a loss to get people into the store, hey then might buy more. E.g. Milk (4, 7) 7. Changing the price depending on the buyer, and their order size and/or geographical. E.g. Bus tickets (14) Down 2. Setting a low price to boost sales to break into the market. (11) 3. You charge the amount to cover production costs, plus extra for profit. It may not be a competitive price. (4, 4) 4. 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) 5. Setting prices to appeal to customers e.g. 95p instead of £1 (13) 6. Setting a higher price to boost profits, eventually drop prices (5, 8)
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