Across
- 2. a fundamental economic concept that describes the total amount of a specific good or service that is available to consumers.
- 4. an economic concept that relates to a consumer's desire to purchase goods and services and willingness to pay a specific price for them.
- 6. a strategy where companies combine complementary products / services together and offer them at a single (often reduced) price.
- 8. a pricing strategy in which a company charges a consistently low price over a long-time horizon.
- 11. the seller offers the same price to every customer.
- 14. the practice of releasing multiple versions of the same product or service at different price points simultaneously.
- 16. a pricing strategy where you charge different prices to different types of customers based on their ability and willingness to pay.
- 17. a pricing strategy that uses higher prices to suggest quality and exclusivity
- 19. The demand for a good or service changes significantly when the price moves up or down.
- 20. a product’s final price is open for negotiation.
Down
- 1. to attract customers to a new product or service by offering a lower price during its initial offering.
- 3. a pricing method where a company temporarily reduces the price of a product or service in the interest of quickly driving sales.
- 5. the practice of adjusting an item's sale price based on the location of the buyer.
- 7. any strategy that takes the product mix into consideration.
- 9. a firm charges the highest initial price that customers will pay and then lowers it over time.
- 10. a product’s final price is open for negotiation.
- 12. the value of money placed on a good or service.
- 13. When the price goes up, consumers’ buying habits stay about the same, and when the price goes down, consumers’ buying habits also remain unchanged.
- 15. habits to make more or higher value sales.
- 18. a strategy that uses pricing to influence a customer's spending or
