This document discusses various pricing strategies that can be used by companies. It outlines penetration pricing, where a low initial price is used to gain market share, and market skimming, where a high initial price is used for products with short lifecycles. It also discusses value pricing based on customer perceptions, loss leaders where goods are priced below cost to attract customers, and psychological pricing techniques. Marginal cost pricing, contribution pricing, target pricing, and cost-plus pricing approaches are also summarized. The document stresses that pricing decisions should consider price elasticity and the impact of price changes on sales revenue.