2. Price-Adjustment Strategies refers to all
those strategies which are applied by an
organisation to take into consideration the
differences among the customers and
rapidly changing environment.
3. SIX PRICE-ADJUSTMENT STRATEGIES
Discount And Allowance Pricing
Segmented Pricing
Psychological Pricing
Promotional Pricing
Geographical Pricing
International Pricing
6. PSYCHOLOGICAL PRICING
Psychological pricing is a business concept
supported by the idea that customers respond
better to certain types of prices and will more
likely to buy items with these prices. Most often,
such prices have end digits of nine, 99 or 95
7. PROMOTIONAL PRICING
Many organisations try to promote their products by
lowering down the prices of their products below
list price or even cost .Such promotional pricing
helps the marketers to attract the more customers in
short period of time .
8. GEOGRAPHICAL PRICING
Companies also charge different prices from the
customers living in different parts of the country or
world. If the customers are living in distant
areas, Companies have to charge higher prices to cover
the cost of shipment but this will result in the losing of
customers to cmpetitors . Therefore it becomes diffcult
for the company whether to charge the uniform prices
through out the country or change prices according to the
geographical conditions in which the customers
9. INTERNATIONAL PRICING
Companies that market their products internationally
must decide what prices to charge in
the different countries in which they operate. In some
cases, a company can set a uniform worldwide
price. The price that a company should charge in a
specific country depends on many factors,
including
Economic Conditions,
Competitive Situations,
Laws and regulations,
Consumer perceptions and preferences
Development of wholesaler and retailer system
