Sets various prices for the same type of product to indicate different levels of quality.

Sets prices low for the base product but charges high prices for other components that are needed to complete the product or service.

Combines two or more services or goods for one price, like a t-shirt/hat bundle for $25, rather than $20 for the shirt and $10 for the hat

A pricing strategy that creates an image of a product and entices customers to buy.

Sets prices to end in an odd number, like $9.99 and $99.95.

Sets the price of a product to end in an even number, most often zero.

Sets prices high to convey quality and status.

Gives customers a free or reduced-price item when another is purchased at full price.

A price recommended for the product by the manufacturer

The established price printed in a catalog, on a price tag, or in a price list.

The practice of advertising one product with the intent of persuading customers to buy a more expensive item when they arrive in the store.

Occurs when 2 or more businesses in an industry agree to sell the same product at a set price, which is usually high.

Occurs when a company sells the same product to different customers at different prices based on personal characteristics

The practice of setting the prices of products in a way to intentionally mislead a customer

Setting very low pricing to remove competition, such as foreign companies that price their products below the same domestic ones to drive the domestic companies out of business

A price that allows customers to compare prices based on a standard unit of measure, such as an ounce or a pound.

An item that is priced much lower than the current market price or the cost of the product and taking a loss on each sale.

Maximum prices set by the government when it thinks certain products are being priced too high

Minimum prices set by the government for certain products that it thinks are being priced too low.