Buying and selling in a complex world - Pricing tools
4 important questions on Buying and selling in a complex world - Pricing tools
What are pricing tools?
- Pricing tools are the choices businesses make when setting prices for their products or services
- influences the relationship with customers à when prices are fair and competitive, customers come back, increasing the profitability of the business.
- small, competitive adjustments such as purchase discounts, volume discounts and purchase allowances.
What are graduated prices?
- a price per unit within a range
- The price per unit decreases once each quantity within a “tier” has been sold.
What is dynamic pricing?
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
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What is a quantity break?
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- Never study anything twice again
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- 100% sure, 100% understanding
