pricing policies
How charges work
Pricing policies are the guidelines a business uses to set and adjust prices for its goods or services.
These may address discounts, markups, competitive positioning, or responses to market changes.
The company's pricing policies prohibit negotiation below list price.
A pricing policy differs from a pricing strategy in being more operational than conceptual.
- race to the bottomCompetition through degraded standards
- cost plusPricing adding profit to expenses
- loss leaderDeliberately unprofitable merchandise
- bait and switchFraudulent sales tactic
- MSRPSuggested retail abbreviation
- Socialist Commerceplanned economy, central planning, state stores, distribution networks, state monopoly