Fun Facts
Why do companies end prices at .99 cents
Feels cheaper
What is a key driver of business success
Pricing
When theres a reduction in price
Discount pricing
Why would $150 sell more than $150.00
Simpler prices sell more
Outlines how a business sets its prices including factors like production cost, value propositions and supply and demand for products.
Pricing policy
90% of retail prices end in which 2 numbers?
9 or 5
Marketing tactic designed to generate an emotional response
Psychological pricing
What does Amazon do to sell more
Change prices up to dozens of times a day
Why do Apple and Rolex charge more for products
Makes the product feel exclusive and high quality