operation management, pricing strategies, SKU System, Inventory management

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Kelly B


Date added:

February 16, 2011








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It is the management of resources, the distribution of goods and services to customers, and the analysis of queue systems. Pricing is one of the four p's of the marketing mix The effective price is the price the company receives after accounting for discounts, promotions, and other incentives. Price lining is the use of a limited number of prices for all your product offerings...
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This is a tradition started in the old five and dime stores in which everything cost either 5 or 10 cents. Its underlying rationale is that these amounts are seen as suitable price points for a whole range of products by prospective customers. It has the advantage of ease of administering, but the disadvantage of inflexibility, particularly in times of inflation or unstable prices...
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