AB 209 STUDY Great Stories /ab209study.com AB 209 STUDY Great Stories /ab209study.com | Page 10

Skimming Pricing = Pricing an item high in the short term to capture the prestige market ? helps torecover start-up costs .

Variable Pricing / Dynamic Pricing Strategy = Lower pricing for certain customers based on their abilityto pay . ( Amazon uses this type )

Price Lining = Different quality level product of a certain type are priced by category . Ex : Women ’ shandbags ? Designer bags $ 300 , name brand $ 200 and all other $ 100 .

Market Pricing = pricing based on the market- what people are willing to pay only works if there is verylittle or no competitors .

Explain whether you will buy on credit and the kind of credit terms you expect from your suppliers and why .

Then explain your customer credit policy ; explain whether you will extend credit to your customers and why or why not . If you will extend credit , please describe the terms you expect to receive and / or extend and why . ===========================================

AB 209 Unit 7 Assignment Marketing Plan ( Quilts ) FOR MORE CLASSES VISIT www . ab209study . com