Suggest another example of how dynamic pricing can be applied based on information obtained from consumers’ digital behavior on the Internet, use of social media, or through mobile technology usage.
Suggest another example of how dynamic pricing can be applied based on information obtained from consumers’ digital behavior on the Internet, use of social media, or through mobile technology usage.
Chapter20: Setting Prices
Section: Chapter Questions
Problem 3DYMP
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Concept explainers
Customary Pricing
There are various types of pricing strategies followed in the market. They are psychological pricing, odd pricing, free onboard pricing, customary pricing, prestige pricing, dual pricing, ruling pricing, negotiated pricing, mark up pricing, etc. each one can be explained as follows:
Multiple Unit Pricing
“Multiple-unit pricing is a practice where a company offers consumers a lower than unit price if a specified number of units are purchased.”
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Suggest another example of how dynamic pricing can be applied based on information obtained from
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