Wednesday, March 21, 2012

  The one types of pricing policies are flexible-price policy which is charging customers different prices for the same product or same quantity of products(black i pod v.s white i pod), and the other one is  one-price policy which all the grocery stores use when they don't have sales.

  The six pricing techniques are : 1. promotional pricing (as seen on t.v deals) 2. multiple pricing (Kroger's 10 for $10 sales) 3. prestige pricing (Lexus) 4. price lining (jeans) 5. odd/even pricing ($29.99) 6. Bundle pricing (computer).
 












































































































































































































































































































































































































































































































































































































































































































































































Thursday, March 15, 2012

Factors that Affect Price


     Above in the image I listed the 6 factors that affected Price and I think that Competitors affect price the least because I feel if you keep good customer service and keep your store clean and tidy you will when the interest of those customers.
    I feel like supply and demand affect price the most because when it comes to picking a price for a select item you have to really think about how much the customers really want/need this product, and you also have to look at do you have the right resources to consistley keep getting the product.