
What are the different pricing strategies
Updated: Feb 21
For cost-based, competitive and demand-based method
The different pricing strategies;
Cost-based pricing
Competitive pricing
Destruction pricing
Price wars
Demand-based pricing
Price skimming
Penetration pricing
Psychological pricing
Promotional pricing
Dynamic pricing
Cost-based Pricing
Cost-based pricing strategies involves adding a mark-up on the average cost. The mark-up amount would be the targeted profit determined by the firm.
Competitive Pricing