Business Content, - Coggle Diagram
Penetration Pricing Strategy
When the product's price is set to a low price to attract the customers when they first release it.
Cost-plus Pricing Strategy
When a business company sells a product for a specific amount of money (and that price is included into making the product itself), and then add a bit of extra money to the price to make sure that they profit off of the product.
Competitive Pricing Strategy
Setting your product's price at around the same level of the competitor's price.
Price Skimming Strategy
Price Skimming is when the initial price for a product is set to be high at first.
People in Business
Money in addition to what they sold in the business.
For example: They receive their salary and an extra 5% commission to each of their sales.
Extra money upon receiving salary.
The money awarded to employees for working in the business organization.
Understanding Business Activity
Provide high quality products for customers
Grow the Business