Pricing strategies

...... use a high price where there is a substantial competitive advantage – for example rooms in a 5-star hotel.

Сharging a product 99 cents instead of 1 dollar.

................... the price charged for products and services is set artificially low in order to gain market share. Once is achieved, the price is increased.

Market isn't a very competetive world today.

To advertise and sell your product successfully you don't have to work hard.

Charging a low price to win sales in a new market.

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an elastic ...............

A situation in which a change in a product's price causes a big change in the number of products sold.

Where sales are not affected much by price rises, this is ___________.

...............goods and products are of very high quality and intended to be bought by people who are quite rich.

Low in quality and cheap in price; relating to or intended for people who are poor.

...... the value that is put to a product or service and is the result of a complex set of calculations, research and understanding and risk taking ability.

monetory significance

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