abhishreshthaa
Abhijeet S
Marketer can employ the following methods when price-quality relationships are associated.
Discriminatory Pricing: This is employed to charge different customer groups differently projecting differences of quality of offer. The differences discriminatory pricing are
i. Product Form Pricing: Different versions of the product are priced differently. E.g. Chota Pepsi – Rs. 5
ii. Location Pricing: Same product is priced differently at different locations. E.g. Residential places in city are costly.
iii. Time Pricing: Prices varies by days or seasons. E.g. During summer, hill resorts charge higher rates.
Perceived Value Pricing: In order to enhance the customers perceived value companies add features to their products. For each feature which enhances attractiveness, reliability, durability convenience, etc., the marketer charges an extra price.
Discriminatory Pricing: This is employed to charge different customer groups differently projecting differences of quality of offer. The differences discriminatory pricing are
i. Product Form Pricing: Different versions of the product are priced differently. E.g. Chota Pepsi – Rs. 5
ii. Location Pricing: Same product is priced differently at different locations. E.g. Residential places in city are costly.
iii. Time Pricing: Prices varies by days or seasons. E.g. During summer, hill resorts charge higher rates.
Perceived Value Pricing: In order to enhance the customers perceived value companies add features to their products. For each feature which enhances attractiveness, reliability, durability convenience, etc., the marketer charges an extra price.