Question
Q. Pricing decisions are a crucial part of running a business. There is a number of pricing strategies available and the correct strategy must be
Q. Pricing decisions are a crucial part of running a business. There is a number of pricing strategies available and the correct strategy must be determined for each product or service. What are the principles of the following strategies?
1.Premium Pricing
2.Penetration Pricing
3.Economy Pricing
4.Price Skimmin
5.Psychological Pricing
6.Product Line Pricing
7.Promotional Pricing
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
5th edition
134128524, 978-0134128528
