Question

Outline any five pricing techniques used by this business

Answer 1

hey mate...

Here are some of the various strategies that businesses implement when setting prices on their products and services.

Pricing at a Premium. With premium pricing, businesses set costs higher than their competitors. ...

Pricing for Market Penetration. ...

Economy Pricing. ...

Price Skimming. ...

Psychology Pricing. ...

Bundle Pricing.

Answer 2

Answer:

These are the four basic strategies, variations of which are used in the industry. Apart from the four basic pricing strategies -- premium, skimming, economy or value and penetration -- there can be several other variations on these. A product is the item offered for sale. A product can be a service or an item