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Consumers optimize to buy cheap; large stock leads to overspending.

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Economizing is used when meeting basic needs or saving money.

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Time-management can help plan purchases and make better choices.

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Use time wisely and identify peak performance times for success.

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Optimizing is getting the highest value for the money spent.

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low prices lead to overspending and eventual credit problems.

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to use a planer, to-do list , and  to prioritize your activities

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People use economizing to save and develop better buying habits.

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Stores package high demand items in bulk at lower prices.

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Shop smart prices stay low, shop dumb they go up.

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Consumers wait until it's necessary to make the right choices.

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Product differentiation is the most desirable way to charge more for it

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Prices being competitive with similar products currently being sold.

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Cost-plus pricing adds markup to unit price, ensures a profit.

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R&D people work on cost-recovery pricing to create competition.

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Though challenging, setting the right price on products is critical.

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Sellers use value-based pricing to reach the highest reasonable price.

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Companies watch, raise prices, and they make more.

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Prices affect almost everything in today’s society, including demand.

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Buyers purchase various goods through rational, emotional, or impulse buying.

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Economizing and optimizing are rational buying strategies.

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Businesses need normal profits so they set their prices carefully.