Topic $4-$ Pricing strategies $($Chapter $20)$

Review of the tutorial and lecture material to ensure you understand the different pricing strategies available to companies. In this trimester, a review was made on at least the following:

Value added pricing

Penetration pricing

Pricing skimming

Peak load pricing

Dynamic pricing $($key words "Demand" "Market Information"$)$

An INADEQUATE$/$UNSATISFACTORY describing Dynamic Pricing might simply say: "DYNAMIC PRICING IS BASED ON DEMAND"

Cost plus pricing

Note:

HOW DOES THE STRATEGY WORK??? WHERE $($AT WHAT LEVEL$)$ DO PRICES NORMALLY BEGIN $-$ AND THEN WHAT HAPPENS TO THE PRICE OVER TIME