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