Pricing Strategies Unit

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Across
  1. 2. for every hour worked you get paid a fixed amount
  2. 7. amount of money or value placed on anything purchased by the customer
  3. 11. a marketing strategy used to attract customers to new product or service by offering a lower price during its initial offering
  4. 13. total cost of making or purchasing a product
  5. 15. used to determine how a change in price effects consumer demand
  6. 16. a strategy that involves tactically pricing your companys product higher than your immediate competition
  7. 19. practice of adjusting an item's sales price based on the location of the buyer
  8. 20. seting price after observing the compettion
Down
  1. 1. setting prices so that the total revenue is as high as possible relative to the total costs
  2. 3. measures the organizations overall efectiveness in generating profits with the available assets
  3. 4. several produects are grouped together and sold at a single price
  4. 5. pricing strategy by which a firm charges the highest initial price and lowers over time
  5. 6. price based in the differentiated worth when compared to its customers
  6. 8. a company's profits earned after subtracting the costs to manuafacture its products
  7. 9. setting the cost for a product or service that is highly flexible
  8. 10. a companys profit after all of its expenses have been subtracted from its revenue
  9. 12. product or service is introduced at a higher price point and then discounted due to decreased demand
  10. 14. the amount added to the cost of the product to determine selling price
  11. 16. in this pricing method, retail prices are expressed as just below numbers
  12. 17. basic products or services are offered at no cost and then charges a premium for other feathers
  13. 18. a fixed pricing model providing one flat fee for a specified project