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Pricing Policies

  Mitch Lindsey
Flexible-Price Policy
• This is a policy where customers pay different
  prices for the same type or amount of
  merchandises.
• For example almost all goods that you can buy
  are under this policy.
One-Price Policy
• This is where all customers are charged the
  same price for all the goods and services
  offered for sale.
• For example rent
Prestige Pricing
• Is giving a product a high price to convey the
  idea that it is a high-end product.
• For example designer clothing.
Odd/Even Pricing
• A psychological pricing method used to get
  customers to buy a product by simply
  lessening the amount a few cents and giving it
  an odd amount.
• For example $99.99 instead of $100
Price Lining
• This is a method used by retailers to group certain price
  ranges together, and keeping the most expensive group
  further away from the cheapest group.
• For example the most expensive product will be in the back of
  the store or on the top tow of shelves at a store. Cheaper
  products will be in the front or bottom shelves of a store.
Promotional Pricing
• When a new product is available for sale some
  retailers offer it at a higher or lower price for a
  short time to increase sales.
• For example new shoes cost $150, but after a
  few months the same shoes can cost $80.
Multiple-Unit Pricing
• Is used to set a single price for two or more
  units of the same product to make the
  consumer feel they are gaining more by
  buying more.
• For example buy 3 candy bars for $2
Bundle Pricing
• This is combining several products and
  offering the bundle at a reduced price. This
  strategy can be effective at selling product
  accessories that customers would not buy
  outside the bundle.
• For example Cable Companies use it to
  persuade customers into buying premium
  movie channels.

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Pricing policies

  • 1. Pricing Policies Mitch Lindsey
  • 2. Flexible-Price Policy • This is a policy where customers pay different prices for the same type or amount of merchandises. • For example almost all goods that you can buy are under this policy.
  • 3. One-Price Policy • This is where all customers are charged the same price for all the goods and services offered for sale. • For example rent
  • 4. Prestige Pricing • Is giving a product a high price to convey the idea that it is a high-end product. • For example designer clothing.
  • 5. Odd/Even Pricing • A psychological pricing method used to get customers to buy a product by simply lessening the amount a few cents and giving it an odd amount. • For example $99.99 instead of $100
  • 6. Price Lining • This is a method used by retailers to group certain price ranges together, and keeping the most expensive group further away from the cheapest group. • For example the most expensive product will be in the back of the store or on the top tow of shelves at a store. Cheaper products will be in the front or bottom shelves of a store.
  • 7. Promotional Pricing • When a new product is available for sale some retailers offer it at a higher or lower price for a short time to increase sales. • For example new shoes cost $150, but after a few months the same shoes can cost $80.
  • 8. Multiple-Unit Pricing • Is used to set a single price for two or more units of the same product to make the consumer feel they are gaining more by buying more. • For example buy 3 candy bars for $2
  • 9. Bundle Pricing • This is combining several products and offering the bundle at a reduced price. This strategy can be effective at selling product accessories that customers would not buy outside the bundle. • For example Cable Companies use it to persuade customers into buying premium movie channels.