Discuss and Implement the Price Adjustment Strategies in current market. Along with 3 examples.
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Explanation:
Price Adjustment Strategy
Description
Discount and allowance pricing Reducing prices to reward customer responses such as paying early or promoting the product
Segmented pricing Adjusting
prices to allow for differences in customers, products or locations
Psychological pricing Adjusting prices for psychological effect
Promotional pricing Temporarily reducing prices to increase short-run sales
Geographical pricing Adjusting prices to account for the geographic location of customers
Dynamic pricing Adjusting prices continually to meet the characteristics and needs of individual customers and situations
International pricing Adjusting prices for international markets
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