List and describe five pricing strategies to increase ...

[acc299]

List and describe five pricing strategies to increase sales.

Question 2

For routine, off-the-shelf items, the purchase requisition may contain all the information that purchasing requires.
 a. True
  b. False
 Indicate whether the statement is true or false

[Kdiggy]

Answer to Question 1

Volume pricingbusinesses offer lower prices due to the volume pricing they receive for large purchases
Promotional pricingbusinesses offer special sales incentives
Quantity discountsbusinesses offer lower prices for buying more than one item
Trade-in allowancescustomers are given a price break for trading in a used item against the purchase of the new item
Psychological pricingbusinesses create an illusion of value by using prices ending in .95 or .99
Prestige pricingbusinesses charge higher prices for merchandise to suggest superior quality and service

Answer to Question 2

TRUE

[acc299]

Excellent

[bimper21]

Thanks for the timely response, appreciate it