Author Question: List and describe five pricing strategies to increase sales.[br][br][b][color=#151B54]Question ... (Read 69 times)

acc299 · **on:** Jun 29, 2018

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 · **Reply #1 on:** Jun 29, 2018

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