https://padlet.com/savanna_preston/k9pbitkc6816 By Savanna Preston en-us 2017-12-07 14:23:57 UTC 2023-03-02 11:57:44 UTC hello@padlet.com savanna_preston https://padlet.com/savanna_preston/k9pbitkc6816/wish/214122210 Price Lining is the tiers of branding from upper to lower quality. Ex: Dollar Tree]]> 2017-12-07 14:26:03 UTC https://padlet.com/savanna_preston/k9pbitkc6816/wish/214122210 savanna_preston https://padlet.com/savanna_preston/k9pbitkc6816/wish/214126512 Optional product is a feature that can be purchased for an extra cost.  Ex: Ford Backup Camera. Backup cameras are one of many "upgrades" that are optional in the buying process of a vehicle. ]]> 2017-12-07 14:32:48 UTC https://padlet.com/savanna_preston/k9pbitkc6816/wish/214126512 savanna_preston https://padlet.com/savanna_preston/k9pbitkc6816/wish/214130046 Captive Product is a product that is sold at a low price that requires another product that usually costs more to function. Ex: Nikon Camera Lens. Professional camera's and lenses are often sold separately, with many options to choose from when it comes to lenses. Often, they are not compatible with different brands. So if you must buy a lens, you must buy it from the same brand that your camera is.]]> 2017-12-07 14:38:43 UTC https://padlet.com/savanna_preston/k9pbitkc6816/wish/214130046 savanna_preston https://padlet.com/savanna_preston/k9pbitkc6816/wish/214134255 Bundle Pricing is when multiple products are grouped together for a single price that is cheaper than if you had purchased them separately.  Ex: Bath and Body Works Gift Set]]> 2017-12-07 14:45:10 UTC https://padlet.com/savanna_preston/k9pbitkc6816/wish/214134255 savanna_preston https://padlet.com/savanna_preston/k9pbitkc6816/wish/214283047 Geographical pricing is determined by location of the products selling place and the location of its shipping place to the seller. Ex: Swap shop (and other markets) in Florida have cheaper produce than, say, in Kentucky. A local produce vendor in Florida: ]]> 2017-12-07 19:06:37 UTC https://padlet.com/savanna_preston/k9pbitkc6816/wish/214283047 savanna_preston https://padlet.com/savanna_preston/k9pbitkc6816/wish/214286442 Odd-Even Pricing is the psychological pricing of products to make then seem like customers are getting a better deal, or that a product is of better quality. ]]> 2017-12-07 19:12:39 UTC https://padlet.com/savanna_preston/k9pbitkc6816/wish/214286442 savanna_preston https://padlet.com/savanna_preston/k9pbitkc6816/wish/214290707 Prestige Pricing is setting the price of a product or service higher than average to suggest it's status to consumers. Ex: Ralph Lauren clothing line is priced for a higher class income. ]]> 2017-12-07 19:20:18 UTC https://padlet.com/savanna_preston/k9pbitkc6816/wish/214290707 savanna_preston https://padlet.com/savanna_preston/k9pbitkc6816/wish/214293548 Multiple Unit Pricing offers a bargain in the form of a promotion. It is meant to increase sales volume by getting customers to make purchases based on the price. Ex: Kroger Fruit Cups ]]> 2017-12-07 19:25:22 UTC https://padlet.com/savanna_preston/k9pbitkc6816/wish/214293548 savanna_preston https://padlet.com/savanna_preston/k9pbitkc6816/wish/214295721 Everyday Low Prices are prices that have no intent on going up. Ex: Walmart Everyday Low Prices.]]> 2017-12-07 19:29:31 UTC https://padlet.com/savanna_preston/k9pbitkc6816/wish/214295721 savanna_preston https://padlet.com/savanna_preston/k9pbitkc6816/wish/214305177 Loss Leader Pricing is an item priced below cost to bring in foot traffic in hopes that customers will purchase more than they came in for. Ex: Staples back to school supplies]]> 2017-12-07 19:48:06 UTC https://padlet.com/savanna_preston/k9pbitkc6816/wish/214305177