Entrepreneurship Price Strategy

When higher than average prices are used to suggest a higher status to the customer:

The actual or projected price per unit:

With this policy, all customers are charged the same price.

Costs that include rent, utilities, and insurance premiums that do not vary with units sold.

Costs that do change with the number of units sold. For example, delivery expenses.

The amount added to the cost of an item to cover expenses and ensure profit.

Price technique in which items in a certain category are price the same.

The belief that customers' perceptions of a product are strongly influenced by price.

A pricing policy that allows customers to bargain for price.

The practice of pricing above the market when no alternative retailer is available:

What is this an example of.......$19.99

Illegal practice in which competing companies agree to restrict prices in a specified range:

To help reduce inventory, an amount of money taken from the original price:

Where the gain from an economic activity equals the costs incurred in pursing it:

This strategy requires you to find out what customers are willing to pay for your product.

You must consider your business costs and your profit objectives when you use:

3 for $1.00 is an example of what?

When the demand for your product is high and supply is low:

Technique where lower prices are offered for a limited period to stimulate sales.

With this strategy, you need to find out what your competitors charge.