Pricing Strategies

Match it! Select the correct answer from the pull down...Good luck!

Discounts and/or sales where prices are reduced for a limited time.

Price is set deliberately high to convey status and high quality.

Sets a limited number of prices for a line of merchandise.

Consistently low prices, no other promotions or sales are offered.

Based on the psychological principle that odd numbers convey a bargain.

Pricing items in multiples suggests a bargain, such as 3 for $1.

Sets a very high price for a new product.

Company offers several complimentary products in a package sold at a single price.